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  _____    __   __   _    _    __   __    ____    
 /  ___||  \ \\/ // | |  | ||  \ \\/ //  |  _ \\  
| // __     \ ` //  | |/\| ||   \ ` //   | |_| || 
| \\_\ ||    | ||   |  /\  ||    | ||    | .  //  
 \____//     |_||   |_// \_||    |_||    |_|\_\\  
  `---`      `-`'   `-`   `-`    `-`'    `-` --`

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Text this: Taylor rule and discretionary regimes in the United States: evidence from a k-state Markov switching model