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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