Lange, Joe; Sack, Brian; Whitesell, William - Federal Reserve Board (Board of Governors of the … - 2001
and early 1990s, longer-term interest rates and futures rates have tended to incorporate movements in the federal funds … attributed to the autoregressive behavior of the funds rate and a non-autoregressive component. The paper considers institutional … federal funds rate target and transparency regarding the setting of the target and future policy intentions. …