2004-01-01 1.00 1.9 1.? 13606.6 13748.2 5.? 20 O?-01-01 5.26 2.3 2.4 14728.1 14768.3 4.5 We are using data from 2004-01-01 to answer parts a}, b), and c}. a] [5 points] Using the original Taylor Rule where the equilibrium real rate of interest is estimated to be 2% and the target inflation rate is 2%, what is the federal funds rate implied by the Taylor Rule? b) {5 points] Using the Mankiw Rule, what is the federal funds rate implied by the Mankiw Rule? c] (5 points) According to the Taylor Rule. was the Fed being hawkish or doyish during this period? Explain and be specific with numbers. d] (5 points] Let's fast forward 3 years to 20010101. Using the original Taylor Rule where the equilibrium real rate of interest is estimated to be 2% and the target inflation rate is 2%, what is the federal funds rate implied by the Taylor Rule? e] (5 points} According to the Taylor Ru le. was the Fed being hawkish or dovish during this period? Explain and be specific with numbers. FF the federal funds rate PCE INF = PCE inflation PCE CORE : the core rate of PCE inflation GDP : real IGDP GDP POT = potential (real) GDP UR : the unemployment rate Please don't copy and paste the answer from a question that was already answered