Results 1 - 18 of 18 for Federal Funds Rate [Year: 1995]
The FOMC in 1993 and 1994: Monetary Policy in Transition - Review
The Federal Reserve’s monetary policy actions in 1994 might appear to represent an abrupt departure from those of the previous year. Six highly publicized increases in short-term interest rates followed a period of relative stability in short-term rates in 1993.
research.stlouisfed.org/.../1995/03/01/the-fomc-in-1993-and-1994-monetary-policy-in-transition
Will a monetary union be established in Europe before the end of this century? Prior to the establishment of a monetary union within the European Union, countries are expected to meet designated criteria regarding their interest rates, inflation rates, government finances and exchange rates.
research.stlouisfed.org/publications/review/1995/07/01/emu-will-it-fly
Theoretical Issues of Liquidity Effects - Review
The authors define the liquidity effect as “the purported statistical relation between expansion of bank reserves or a monetary aggregate and short-run reductions in short-term interest rates.” They then explore the liquidity effect in general equilibrium, representative-agent models.
research.stlouisfed.org/.../publications/review/1995/05/01/theoretical-issues-of-liquidity-effects
Narrow Vs. Broad Measures of Money as Intermediate Targets: Some Forecast Results - Review
Measures of money have long been considered important links between monetary policy actions and the course of nominal spending and prices. The Federal Reserve, however, has recently de-emphasized monetary targets because the traditional monetary aggregates appeared to have unstable income velocities.
Performance Contracts for Central Bankers - Review
Discretionary monetary policy actions aimed at expanding a nation’s economy may simply produce an excessive rate of inflation without a corresponding increase in output or employment levels. Various proposals have been advanced to eliminate this inflationary bias, such as building a reputation for price stability and making the central bank independent of political pressure.
research.stlouisfed.org/.../review/1995/09/01/performance-contracts-for-central-bankers
Is There a "Credit Channel" for Monetary Policy? - Review
The author surveys the credit channel for monetary policy. He makes clear that there are two possible credit channels for monetary policy, and that both require asymmetry in the access of “small” and “large” firms to credit. The bank credit channel operates directly on the ability of depository institutions to make loans through the effect of monetary policy actions (open market operations) on bank reserves.
research.stlouisfed.org/.../review/1995/05/01/is-there-a-credit-channel-for-monetary-policy
Commentary on "Resolving the Liquidity Effect" - Review
Commentary on "Resolving the Liquidity Effect" by Adrian R. Pagan and John C. Robertson.
research.stlouisfed.org/.../review/1995/05/01/commentary-on-resolving-the-liquidity-effect
An overview of this Review issue.
A Conference Panel Discussion - Review
Ben Bernanke, Thomas Cooley, and Manfred Neumann each take a different approach to summarizing the profession’s understanding of the effects of monetary policy in this conference panel discussion, "What Do We Know About How Monetary Policy Affects the Economy?"
research.stlouisfed.org/publications/review/1995/05/01/a-conference-panel-discussion
Distinguishing Theories of the Monetary Transmission Mechanism - Review
The author surveys the credit channel for monetary policy. He makes clear that there are two possible credit channels for monetary policy, and that both require asymmetry in the access of “small” and “large” firms to credit.
research.stlouisfed.org/.../05/01/distinguishing-theories-of-the-monetary-transmission-mechanism
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Daniel L. Thornton 2 items
David C. Wheelock 2 items
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Alan C. Stockman 1 items
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