Results 1 - 5 of 5 for PRIME [Year: 1994]
A Conference Panel Discussion - Review
Michael J. Boskin puts a broader-brush perspective on monetary aggregates, intermediate targets, rules versus discretion, and the recent history of monetary policymaking. Philip H. Dylnrig looks at the Federal Reserve through the lens of decision theory.
research.stlouisfed.org/publications/review/1994/03/01/a-conference-panel-discussion
Is the Discount Window Necessary? A Penn-Central Perspective - Review
Policymakers generally regard the discount window as an essential tool for preventing the spread of financial crises, but some critics have argued that it is an unnecessary—and costly—policy instrument. The arguments against the discount window emphasize that it may unwisely postpone bank failures or undermine the Fed’s control over the supply of reserves.
research.stlouisfed.org/.../1994/05/01/is-the-discount-window-necessary-a-penn-central-perspective
Can Deposit Insurance Increase the Risk of Bank Failure? Some Historical Evidence - Review
Many economists have argued that unless premiums are risk-based, deposit insurance will encourage banks to take greater risks than they otherwise would, thereby increasing the likelihood of failure. Because virtually all banks today are insured, isolating the effects of deposit insurance from other regulatory and economic conditions that affect bank performance is problematic.
Financial Innovation Deregulation and the "Credit View" of Monetary Policy - Review
As analysts search for explanations for the protracted recovery from the last recession, a great deal of attention has been focused on the "credit view” of monetary policy, which argues that monetary policy affects the economy through the direct effect of policy actions on the supply of depository institutions’ credit.
This article examines empirical issues associated with whether M2+ would be useful in the conduct of monetary policy.
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Athanasios Orphanides 1 items
Bennett T. McCallum 1 items
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