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Results 1 - 25 of 25 for Federal Funds Rate [Year: 2003]

On the Pervasive Effects of Federal Reserve Settlement Regulations - Review

The authors examine whether Federal Reserve settlement effects have also appeared in the overnight London interbank offer rate (LIBOR) since the Federal Reserve removed the reserve requirements on Eurocurrency liabilities. They first explain why this is an important issue and describe the characteristics of these settlement effects. 

research.stlouisfed.org/.../01/on-the-pervasive-effects-of-federal-reserve-settlement-regulations/

A Look Inside Two Central Banks: The European Central Bank and the Federal Reserve - Review

This article examines modern central banking, with a focus on the world’s two most prominent central banks—the Federal Reserve System and the European Central Bank. First, it examines the structure and appointment process of the key policymakers at the central banks. Next, it highlights the tasks of the central banks, focusing on the monetary policy process.

research.stlouisfed.org/.../

A Reconstruction of the Federal Reserve Bank of St. Louis Adjusted Monetary Base and Reserves - Review

The St. Louis Fed has a long tradition of monetarism—focusing on the role of money and how much of it is out there. This article retools the way money in the economy is measured and notes what changed.

research.stlouisfed.org/.../

Why Predict Past FOMC Actions? - Economic Synopses

To gauge how strongly FOMC federal funds target changes in one month affect the change in the monthly average federal funds rate from that month to the next, the author estimates two regressions of the change in the monthly average on its own lagged value.

research.stlouisfed.org/.../economic-synopses/2003/06/01/why-predict-past-fomc-actions

Equity Market Liberalization in Emerging Markets - Review

This article begins by analyzing the progress that has been made on dating equity market liberalization. The authors examine regulatory changes, the ability of investors to access the local market via proxies such as country funds, and the behavior of foreign portfolio holdings. 

research.stlouisfed.org/.../review/2003/07/01/equity-market-liberalization-in-emerging-markets

More on Finance and Growth: More Finance, More Growth? - Review

This article selectively discusses recent empirical work on the controversial issue of whether financial systems play a critical role in determining long-run rates of economic growth.

research.stlouisfed.org/.../review/2003/07/01/more-on-finance-and-growth-more-finance-more-growth

Predictability and Effectiveness of Monetary Policy - Economic Synopses

Many economists believe that the better market participants are able to predict monetary policy actions—specifically, changes in the target for the federal funds rate—the more effective monetary policy will be in influencing long-term interest rates. The author discusses two problems with this argument.

research.stlouisfed.org/.../2003/07/01/predictability-and-effectiveness-of-monetary-policy

Fed Transparency: How, Not Whether - Review

This article was originally presented as a speech at the Global Independence Center, Federal Reserve Bank of Philadelphia, August 21, 2003.

research.stlouisfed.org/publications/review/2003/11/01/fed-transparency-how-not-whether

Working Paper Series - Review

A listing of Federal Reserve Bank of St. Louis working papers published in 2003.

research.stlouisfed.org/publications/review/2003/11/01/working-paper-series

Strategic Interaction in Tax Policies Among States - Review

The author tests for strategic interaction among U.S. states in the determination of tax rates on capital income. He finds that states have a positively sloped reaction function to the tax policies of rival states when tax rates are chosen simultaneously.

research.stlouisfed.org/.../review/2003/05/01/strategic-interaction-in-tax-policies-among-states/