Results 1 - 3 of 3 for PRIME [Author: R. W. Hafer]
The Prime Rate and the Cost of Funds: Is the Prime Too High? - Review
B. W. Hafer investigates the economic forces underlying the prime lending rate. Hafer notes first that, since the early 1970s, the prime rate generally has varied with current credit market conditions: “As the competition for loanable funds and the cost of liability management have increased with the advent of numerous financial innovations, banks have become more sensitive to interest rate changes in establishing their lending rates.”
research.stlouisfed.org/.../1983/05/01/the-prime-rate-and-the-cost-of-funds-is-the-prime-too-high/
This article provides a critical review of the existing evidence on the issue of the temporal stability of the money demand relationship. Various money demand specifications are examined in terms of their dynamic out-of-sample predictive ability over the post-1972 period and more formally through the use of the Brown-Durbin-Evans cusum-squares tests.
The FOMC in 1983-84: Setting Policy in an Uncertain World - Review
R. W. Hafer examines the numerous factors affecting the policy decisions made by the Federal Open Market Committee (FOMC) during the past two years. In “The FOMC in 1983-84: Setting Policy in an Uncertain World,” Hafer notes that the environment in which the FOMC set policy was changing in unpredictable ways.
research.stlouisfed.org/.../1985/04/01/the-fomc-in-1983-84-setting-policy-in-an-uncertain-world/
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