Results 1 - 1 of 1 for Federal Funds Rate [Author: James D. Hamilton]
Assessing Monetary Policy Effects Using Daily Federal Funds Futures Contracts - Review
This article develops a generalization of the formulas proposed by Kuttner (2001) and others for purposes of measuring the effects of a change in the federal funds target on Treasury yields of different maturities. The generalization avoids the need to condition on the date of the target change and allows for deviations of the effective fed funds rate from the target as well as gradual learning by market participants about the target.
FILTER YEAR
2008 1 items
FILTER PUBLICATION
Review 1 items
FILTER AUTHOR
James D. Hamilton 1 items
FILTER COLLECTION
publications 1 items
follow @stlouisfed