Results 1 - 26 of 26 for Federal Funds Rate [Year: 2001]
Commentary on "Expectations, Open Market Operations, and Changes in the Federal Funds Rate" - Review
Commentary on "Expectations, Open Market Operations, and Changes in the Federal Funds Rate" by John B. Taylor.
Expectations, Open Market Operations, and Changes in the Federal Funds Rate - Review
This author develops a simple model of the federal funds market that reflects some regulatory and technological changes and that can be used to investigate other changes.
Commentary on "Monetary Transmission Lags and the Formulation of the Policy Decision on Interest Rates" by Charles A. E. Goodhart.
Membership Structure, Competition, and Occupational Credit Union Deposit Rates - Review
How do occupational credit unions set deposit rates? This article shows that the answer to this question will depend on (i) who actually makes business decisions in credit unions (who is in control) and (ii) whether local deposit market competition is important. It is not obvious who controls occupational credit unions.
Monetary Transmission Lags and the Formulation of the Policy Decision on Interest Rates - Review
The author discusses that it remains unclear how successfully, if at all, optimal control techniques could be applied in the context of the larger models used in practice for forecasting.
When the government runs a deficit, it can borrow from the public—that is, it can create debt. Conversely, when the government runs a surplus, it can retire that debt. For the past three years, the federal government has recorded budget surpluses, and both the White House Office of Management and Budget and the Congressional Budget Office project that these surpluses will increase for at least the next decade.
Forecasting Inflation and Growth: Do Private Forecasts Match Those of Policymakers? - Review
Federal Open Market Committee (FOMC) projections are important because they provide information for evaluating current monetary policy intentions and because they indicate what FOMC members think will be the likely consequences of their policies.
This article was prepared for the Homer Jones Lecture, Federal Reserve Bank of St. Louis, March 28, 2001. The author addresses the influence of monetarism and the role of money in making monetary policy. The monetarist idea that monetary policy has primary responsibility for inflation is now conventional wisdom.
research.stlouisfed.org/publications/review/2001/09/01/does-money-matter
Retail Sweep Programs and Bank Reserves, 1994-1999 - Review
Since January 1994, the Federal Reserve Board has permitted depository institutions in the United States to implement so-called “retail sweep programs.” The essence of these programs is computer software that dynamically reclassifies customer deposits from transaction accounts, which are subject to statutory reserve-requirement ratios as high as 10 percent, to money market deposit accounts, which have a zero ratio.
research.stlouisfed.org/.../review/2001/01/01/retail-sweep-programs-and-bank-reserves-1994-1999/
Identifying the Liquidity Effect at the Daily Frequency - Review
The author models the reserve market based on the Fed’s operating procedure and shows why the liquidity effect cannot be identified using Hamilton’s methodology.
research.stlouisfed.org/.../2001/07/01/identifying-the-liquidity-effect-at-the-daily-frequency
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Laurence H. Meyer 3 items
Daniel L. Thornton 2 items
Allan H. Meltzer 1 items
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Charles A. E. Goodhart 1 items
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