Interest on Reserves and Monetary Policy
Monetary policy operating procedures have long beendebated within the Federal Reserve and amongmonetary economists at large. For instance, economists havedisagreed about whether a central bank should utilize bankreserves or the interest rate as the policy instrument. For thetime being at least, the Fed has settled on an interest rate policyinstrument and has announced its current federal funds ratetarget since 1994. The focus on interest rate policy is reflectedin the ubiquitous use of the Taylor rule in monetary policyanalysis...
Authors: | Goodfriend, Marvin |
---|---|
Institutions: | Federal Reserve Bank <Richmond, Va.> |
Published in: | |
Subject: | Bank | Geldpolitik | Zinsfuß | Rücklage | reserves |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Credit Effects in the Monetary Mechanism
Lown, Cara S., (2002)
-
Overnight market interest rates and banks' demand for reserves in Finland
Pulli, Markku, (1992)
-
Capital adequacy beyond Basel : banking, securities, and insurance
Scott, Hal S., (2005)
- More ...
Similar items by person