with the formatted date */
var monthNames = [ "January", "February", "March", "April", "May", "June", "July", "August", "September", "October", "November", "December" ];
var date = new Date(updateDate[0]);
$('#dateUpdated').html('Updated on ' + monthNames[date.getMonth()] + ' ' + date.getDate() + ', ' + date.getFullYear());
/* set chart dimensions based on iframe and container sizes */
var iframeWidth_TaylorRule = $("#container_TaylorRule").width();
var iframeHeight_TaylorRule = $("#container_TaylorRule").height();
/* Taylor Rule Utility chart */
var chart_TaylorRule = '';
var sourceLine_TaylorRule = 'Source: Atlanta Fed';
var tableText = getTableText();
setChartDefaults(iframeWidth_TaylorRule,iframeHeight_TaylorRule,sourceLine_TaylorRule,375);
var chartOptions_TaylorRule = {
chart: { marginBottom: 285, marginRight: 20, renderTo: 'container_TaylorRule' },
exporting: {
allowHTML: true,
showTable: true,
chartOptions: {
legend: { enabled: true }
},
sourceHeight: 750,
filename: 'atlanta-fed_taylor-rule'
},
legend: { floating: false, x: -15, itemWidth: iframeWidth_TaylorRule * 0.4, width: iframeWidth_TaylorRule * 0.8 },
title: { text: 'Actual Fed Funds Rate and Taylor Rule Prescriptions' },
subtitle: { useHTML: true, verticalAlign: 'bottom', align: 'left', y:-30, text: tableText},
tooltip: {
formatter: function () {
var thisMonth = Highcharts.dateFormat('%B', this.x);
var thisYear = Highcharts.dateFormat('%Y', this.x);
switch(thisMonth) {
case 'February': var thisQuarter = 'Q1'; break;
case 'May': var thisQuarter = 'Q2'; break;
case 'August': var thisQuarter = 'Q3'; break;
case 'November': var thisQuarter = 'Q4'; break;
}
var s = '
' + thisYear + ':' + thisQuarter + ' average';
$.each(this.points, function (i, point) {
s += '
● ' + point.series.name + ': ' + Highcharts.numberFormat(point.y, 2);
});
return s;
},
shared: true
},
plotOptions: {
series: {
pointStart: Date.UTC(1985,1,1), pointIntervalUnit: 'month', pointInterval: 3
}
},
xAxis: {
labels: { y: 20, step: 2 }, min: Date.UTC(1985,1,1), type: 'datetime', plotBands: recessionBands
},
yAxis: {
labels: { format: '{value:,.1f}' }, title: { enabled: false }
},
series: []
};
/* calculate the values in the combined series based on the formula */
function calculateSeries() {
/* starting with the fed funds rate series (which will have full values), go through each data point and make the calcuation
create a new series based on the calculation, and then create another single series of the actual fed funds rate */
var fedFundRateLagSeries = [];
var fedFundsRateSeries = [];
var altSettings1Series = [];
var altSettings2Series = [];
var tempValue = 0;
var weight1 = Number(parseFloat($('#value_WeightGap_alternate1').val()).toFixed(1));
var smoothing1 = $('#value_InterestRateSmoothing_alternate1').val(); // interest rate smoothing
var data_inflationTarget1 = eval($("#menu_InflationTargetMeasures_alternate1 option:selected").val());
var data_naturalRate1 = eval($("#menu_NaturalRateMeasures_alternate1 option:selected").val());
var data_resourceGap1 = eval($("#menu_ResourceGapMeasures_alternate1 option:selected").val());
var data_inflation1 = eval($("#menu_InflationMeasures_alternate1 option:selected").val());
var weight2 = Number(parseFloat($('#value_WeightGap_alternate2').val()).toFixed(1));
var smoothing2 = $('#value_InterestRateSmoothing_alternate2').val(); // interest rate smoothing
var data_inflationTarget2 = eval($("#menu_InflationTargetMeasures_alternate2 option:selected").val());
var data_naturalRate2 = eval($("#menu_NaturalRateMeasures_alternate2 option:selected").val());
var data_resourceGap2 = eval($("#menu_ResourceGapMeasures_alternate2 option:selected").val());
var data_inflation2 = eval($("#menu_InflationMeasures_alternate2 option:selected").val());
if($("#menu_NaturalRateMeasures_alternate2 option:selected").val() == "RstarFOMCMedian") {
data_naturalRate2 = altSettings1RstarFOMCMedian;
}
if($("#menu_ResourceGapMeasures_alternate2 option:selected").val() == "U3gapFOMC") {
data_resourceGap2 = altSettings1U3gapFOMC;
}
if($("#menu_InflationMeasures_alternate2 option:selected").val() == "CorePCEInflation") {
data_inflation2 = altSettings1CorePCEInflation;
}
var weight3 = Number(parseFloat($('#value_WeightGap_alternate3').val()).toFixed(1)); // weight on gap
var smoothing3 = $('#value_InterestRateSmoothing_alternate3').val(); // interest rate smoothing
var data_inflationTarget3 = eval($("#menu_InflationTargetMeasures_alternate3 option:selected").val());
var data_naturalRate3 = eval($("#menu_NaturalRateMeasures_alternate3 option:selected").val());
var data_resourceGap3 = eval($("#menu_ResourceGapMeasures_alternate3 option:selected").val());
var data_inflation3 = eval($("#menu_InflationMeasures_alternate3 option:selected").val());
if($("#menu_NaturalRateMeasures_alternate3 option:selected").val() == "RstarFOMCMedian") {
data_naturalRate3 = altSettings2RstarFOMCMedian;
}
if($("#menu_ResourceGapMeasures_alternate3 option:selected").val() == "U3gapFOMC") {
data_resourceGap3 = altSettings2U3gapFOMC;
}
if($("#menu_InflationMeasures_alternate3 option:selected").val() == "CorePCEInflation") {
data_inflation3 = altSettings2CorePCEInflation;
}
var data_fedFundsLag = FedFundsRateLag1;
var data_fedFunds = FedFundsRate;
var data_dates = TwoPercentInflation; // used to handle date values for x-axis
var data_altSettings1 = altSettings1;
var data_altSettings2 = altSettings2;
for (var n = 0; n < data_dates.length; n++) {
/* if there are null values for any of the items that comprise the calculation, consider the calcuated value to be null */
if (!data_fedFunds[n]) {
fedFundsRateSeries.push(null);
} else {
fedFundsRateSeries.push(data_fedFunds[n]);
}
if (!data_fedFundsLag[n] || (data_naturalRate1[n] === null ) || (data_inflationTarget1[n] === null) || (data_resourceGap1[n] === null)) {
fedFundRateLagSeries.push(null);
} else {
tempValue = (smoothing1 * data_fedFundsLag[n]) + ((1 - smoothing1) * ((data_naturalRate1[n] + data_inflationTarget1[n]) + (1.5 * ( data_inflation1[n] - data_inflationTarget1[n] )) + (weight1 * data_resourceGap1[n])));
fedFundRateLagSeries.push(tempValue);
}
if (!data_altSettings1[n] || (data_naturalRate2[n] === null ) || (data_inflationTarget2[n] === null) || (data_resourceGap2[n] === null)) {
altSettings1Series.push(null);
} else {
tempValue = (smoothing2 * data_altSettings1[n]) + ((1 - smoothing2) * ((data_naturalRate2[n] + data_inflationTarget2[n]) + (1.5 * ( data_inflation2[n] - data_inflationTarget2[n] )) + (weight2 * data_resourceGap2[n])));
altSettings1Series.push(tempValue);
}
if (!data_altSettings2[n] || (data_naturalRate3[n] === null ) || (data_inflationTarget3[n] === null) || (data_resourceGap3[n] === null)) {
altSettings2Series.push(null);
} else {
tempValue = (smoothing3 * data_altSettings2[n]) + ((1 - smoothing3) * ((data_naturalRate3[n] + data_inflationTarget3[n]) + (1.5 * ( data_inflation3[n] - data_inflationTarget3[n] )) + (weight3 * data_resourceGap3[n])));
altSettings2Series.push(tempValue);
}
}
chartOptions_TaylorRule.series.length = 0;
chartOptions_TaylorRule.series.unshift({ name: 'Actual Fed Funds Rate', data: fedFundsRateSeries });
chartOptions_TaylorRule.series.unshift({ name: 'Alternative 1', data: fedFundRateLagSeries });
chartOptions_TaylorRule.series.unshift({ name: 'Alternative 2', data: altSettings1Series });
chartOptions_TaylorRule.series.unshift({ name: 'Alternative 3', data: altSettings2Series });
chartOptions_TaylorRule.subtitle.text = getTableText();
};
function getTableText() {
var inflationTargetMeasures1 = $('#menu_InflationTargetMeasures_alternate1').val();
var inflationTargetMeasures2 = $('#menu_InflationTargetMeasures_alternate2').val();
var inflationTargetMeasures3 = $('#menu_InflationTargetMeasures_alternate3').val();
var weight1 = $('#value_WeightGap_alternate1').val();
var weight2 = $('#value_WeightGap_alternate2').val();
var weight3 = $('#value_WeightGap_alternate3').val();
var smoothing1 = $('#value_InterestRateSmoothing_alternate1').val();
var smoothing2 = $('#value_InterestRateSmoothing_alternate2').val();
var smoothing3 = $('#value_InterestRateSmoothing_alternate3').val();
if(inflationTargetMeasures1 == "TwoPercentInflation") {
inflationTargetMeasures1 = "2PercentInflation";
}
if(inflationTargetMeasures2 == "TwoPercentInflation") {
inflationTargetMeasures2 = "2PercentInflation";
}
if(inflationTargetMeasures3 == "TwoPercentInflation") {
inflationTargetMeasures3 = "2PercentInflation";
}
var tableText = "
| Alternative 1 | Alternative 2 | Alternative 3 | \
|---|
| Inflation Target Measures: | " + inflationTargetMeasures1 + " | " + inflationTargetMeasures2 + " | " + inflationTargetMeasures3 + " |
|---|
\
| Natural Real Interest Rate Measures: | " + $('#menu_NaturalRateMeasures_alternate1').val() + " | " + $('#menu_NaturalRateMeasures_alternate2').val() + " | " + $('#menu_NaturalRateMeasures_alternate3').val() + " |
|---|
\
| Resource Gap Measures: | " + $('#menu_ResourceGapMeasures_alternate1').val() + " | " + $('#menu_ResourceGapMeasures_alternate2').val() + " | " + $('#menu_ResourceGapMeasures_alternate3').val() + " |
|---|
\
| Inflation Measures: | " + $('#menu_InflationMeasures_alternate1').val() + " | " + $('#menu_InflationMeasures_alternate2').val() + " | " + $('#menu_InflationMeasures_alternate3').val() + " |
|---|
\
| Weight on Gap: | " + weight1 + " | " + weight2 + " | " + weight3 + " |
|---|
\
| Interest Rate Smoothing: | " + smoothing1 + " | " + smoothing2 + " | " + smoothing3 + " |
|---|
\
|
|---|
";
return tableText;
};
/* draw the chart */
function drawChart() {
chart_TaylorRule = new Highcharts.Chart(chartOptions_TaylorRule);
setChartBranding(chart_TaylorRule,iframeWidth_TaylorRule,iframeHeight_TaylorRule,sourceLine_TaylorRule,50); // 50
};
/* add extra menu item (will be applied to all charts on this page) */
Highcharts.getOptions().exporting.buttons.contextButton.menuItems.push({
text: 'Download Excel spreadsheet',
onclick: function () {
sourceLine_TaylorRule = calculateSeries(); // EDB
window.open('/-/media/Documents/datafiles/cqer/research/taylor-rule/taylor-rule-data.xlsx?la=en');
thisTitle = this.options.title.text;
newTitle = thisTitle.replace("
",": ");
newTitle = thisTitle.replace("
",": ");
ga('send', 'event', 'Highcharts', 'excel', newTitle + ' | ' + document.title);
}
});
/* draw the chart on page load */
calculateSeries(); drawChart();
/* redraw the chart when the user clicks the "Draw Chart" button */
$("#drawChartButton").click(function() {
if (isNaN($('#value_WeightGap_alternate1').val()) || $('#value_WeightGap_alternate1').val() < 0 || $('#value_WeightGap_alternate1').val() > 5 ||
isNaN($('#value_WeightGap_alternate2').val()) || $('#value_WeightGap_alternate2').val() < 0 || $('#value_WeightGap_alternate2').val() > 5 ||
isNaN($('#value_WeightGap_alternate3').val()) || $('#value_WeightGap_alternate3').val() < 0 || $('#value_WeightGap_alternate3').val() > 5 ) {
alert("Your value for \"weight on gap\" must be a number that is between 0 and 5.");
} else if (isNaN($('#value_InterestRateSmoothing_alternate1').val()) || $('#value_InterestRateSmoothing_alternate1').val() < 0 || $('#value_InterestRateSmoothing_alternate1').val() > 0.99 ||
isNaN($('#value_InterestRateSmoothing_alternate2').val()) || $('#value_InterestRateSmoothing_alternate2').val() < 0 || $('#value_InterestRateSmoothing_alternate2').val() > 0.99 ||
isNaN($('#value_InterestRateSmoothing_alternate3').val()) || $('#value_InterestRateSmoothing_alternate3').val() < 0 || $('#value_InterestRateSmoothing_alternate3').val() > 0.99) {
alert("Your value for \"interest rate smoothing\" must be a number betwen 0 and 0.99.");
} else {
calculateSeries(); drawChart();
/* send the draw event to Google Analytics */
var thisTitle = chartOptions_TaylorRule.title.text;
var newTitle = thisTitle.replace("
",": ");
newTitle = thisTitle.replace("
",": ");
ga('send', 'event', 'Highcharts', 'draw', newTitle + ' | ' + document.title);
}
});
/* recalculate the chart whenever any option is changed */
$("#menu_InflationTargetMeasures").add('#menu_NaturalRateMeasures').add("#menu_ResourceGapMeasures").add("#menu_InflationMeasures").add("#value_WeightGap").add("#value_InterestRateSmoothing").change(function() {
if (isNaN($('#value_WeightGap_alternate1').val()) || $('#value_WeightGap_alternate1').val() < 0 || $('#value_WeightGap_alternate1').val() > 5 ||
isNaN($('#value_WeightGap_alternate2').val()) || $('#value_WeightGap_alternate2').val() < 0 || $('#value_WeightGap_alternate2').val() > 5 ||
isNaN($('#value_WeightGap_alternate3').val()) || $('#value_WeightGap_alternate3').val() < 0 || $('#value_WeightGap_alternate3').val() > 5 ) {
alert("Your value for \"weight on gap\" must be a number that is between 0 and 5.");
} else if (isNaN($('#value_InterestRateSmoothing_alternate1').val()) || $('#value_InterestRateSmoothing_alternate1').val() < 0 || $('#value_InterestRateSmoothing_alternate1').val() > 0.99 ||
isNaN($('#value_InterestRateSmoothing_alternate2').val()) || $('#value_InterestRateSmoothing_alternate2').val() < 0 || $('#value_InterestRateSmoothing_alternate2').val() > 0.99 ||
isNaN($('#value_InterestRateSmoothing_alternate3').val()) || $('#value_InterestRateSmoothing_alternate3').val() < 0 || $('#value_InterestRateSmoothing_alternate3').val() > 0.99) {
alert("Your value for \"interest rate smoothing\" must be a number betwen 0 and 0.99.");
} else {
calculateSeries(); drawChart();
}
});
/* reset the chart back to its default when the user clicks the "Reset Chart" button */
$("#resetChartButton").click(function() {
$('.taylorRuleMenu').prop('selectedIndex',0);
$('#value_WeightGap_alternate1').val(0.5);
$('#value_InterestRateSmoothing_alternate1').val(0);
$('#menu_NaturalRateMeasures_alternate1').val("RstarFOMCMedian");
$('#menu_ResourceGapMeasures_alternate1').val("U3gapFOMC");
$('#menu_InflationMeasures_alternate1').val("CorePCEInflation");
$('#value_WeightGap_alternate2').val(1);
$('#value_InterestRateSmoothing_alternate2').val(0);
$('#menu_NaturalRateMeasures_alternate2').val("RstarFOMCMedian");
$('#menu_ResourceGapMeasures_alternate2').val("U3gapFOMC");
$('#menu_InflationMeasures_alternate2').val("CorePCEInflation");
$('#value_WeightGap_alternate3').val(0.5);
$('#value_InterestRateSmoothing_alternate3').val(0);
$('#menu_NaturalRateMeasures_alternate3').val("LWRstar1side");
$('#menu_ResourceGapMeasures_alternate3').val("CBOGDPgap");
$('#menu_InflationMeasures_alternate3').val("CorePCEInflation");
calculateSeries(); drawChart();
/* send the reset event to Google Analytics */
var thisTitle = chartOptions_TaylorRule.title.text;
var newTitle = thisTitle.replace("
",": ");
newTitle = thisTitle.replace("
",": ");
ga('send', 'event', 'Highcharts', 'reset', newTitle + ' | ' + document.title);
});
});
$(document).ready(function() {
/* hide both versions of the Taylor Rule Utility until the user chooses one */
$("#TaylorRuleChartContainer").add("#TaylorRuleHeatmapContainer").hide();
/* show the chart version */
$("#TaylorRuleIconChart").add("#TaylorRuleButtonChart").click(function (event) {
$("#taylor_rule_description").delay(400).fadeIn(400);
event.preventDefault();
if ($("#TaylorRuleIcons").is(":visible")) {
$("#TaylorRuleIcons").add("#TaylorRuleIconsLabel").fadeOut(200);
}
if ($("#TaylorRuleHeatmapContainer").is(":visible")) {
$("#TaylorRuleHeatmapContainer").fadeOut(200);
}
$("#TaylorRuleChartContainer").delay(400).fadeIn(400);
});
/* show the heatmap version */
$("#TaylorRuleIconHeatmap").add("#TaylorRuleButtonHeatmap").click(function (event) {
$("#taylor_rule_description").delay(400).fadeIn(400);
event.preventDefault();
if ($("#TaylorRuleIcons").is(":visible")) {
$("#TaylorRuleIcons").add("#TaylorRuleIconsLabel").fadeOut(200);
}
if ($("#TaylorRuleChartContainer").is(":visible")) {
$("#TaylorRuleChartContainer").fadeOut(200);
}
$("#TaylorRuleHeatmapContainer").delay(400).fadeIn(400);
});
//cqer disable dupe carat (until I find a better way to do this logic)
$('a[href="/cqer"]').closest('li.nav-item').removeClass('active').removeAttr('aria-current');
});$(function() {
const isNumericInput = (event) => {
const key = event.keyCode;
return ((key >= 48 && key <= 57) || // Allow number line
(key >= 96 && key <= 105) // Allow number pad
);
};
const isModifierKey = (event) => {
const key = event.keyCode;
return (event.shiftKey === true || key === 35 || key === 36) || // Allow Shift, Home, End
(key === 8 || key === 9 || key === 13 || key === 46) || // Allow Backspace, Tab, Enter, Delete
(key > 36 && key < 41) || // Allow left, up, right, down
(
// Allow Ctrl/Command + A,C,V,X,Z
(event.ctrlKey === true || event.metaKey === true) &&
(key === 65 || key === 67 || key === 86 || key === 88 || key === 90)
)
};
const enforceFormat = (event) => {
// Input must be of a valid number format or a modifier key, and not longer than ten digits
if(!isNumericInput(event) && !isModifierKey(event)){
event.preventDefault();
}
};
const formatToPhone = (event) => {
if(isModifierKey(event)) {return;}
const target = event.target;
const input = event.target.value.replace(/\D/g,'').substring(0,10); // First ten digits of input only
const areaCode = input.substring(0,3);
const middle = input.substring(3,6);
const last = input.substring(6,10);
if(input.length > 6){target.value = `${areaCode}-${middle}-${last}`;}
else if(input.length > 3){target.value = `${areaCode}-${middle}`;}
else if(input.length > 0){target.value = `${areaCode}`;}
};
let inputElements = document.querySelectorAll('.phone-number-formatting');
inputElements.forEach((item) => {
item.addEventListener('keydown',enforceFormat);
item.addEventListener('keyup',formatToPhone);
});
});
$(document).ready(function(){
// bootsrtap tab control setup
$('.nav-tabs a').click(function (e) {
e.preventDefault();
$(this).tab('show');
});
// Manage HISTORY (back button behavior) for tabs
// add a hash to the URL when the user clicks on a tab
// relies on https://github.com/devote/HTML5-History-API/ to support pushState()
$('a[data-toggle="tab"]').on('click', function(e) {
history.pushState(null, null, $(this).attr('href'));
});
// // navigate to a tab when the history changes
showTabFromUrl = function(e) {
if (location.hash.substr(0,3)=="#/#") {
hashToUse = location.hash.substr(2);
} else {
hashToUse = location.hash;
}
var activeTab = $('[href="' + hashToUse + '"]');
if (activeTab.length) {
activeTab.tab('show');
} else {
$('.nav-tabs a:first').tab('show');
}
}
// cross-browser call to bind showTab
if (!window.addEventListener) {
window.attachEvent("popstate", showTabFromUrl);
} else {
window.addEventListener("popstate", showTabFromUrl, false);
}
showTabFromUrl();
});// doc ready