Thornton, Daniel L. - Federal Reserve Bank of St. Louis - 2006
Motivated, on the one hand, by the belief that the Fed controls the short-term rate through open market operations, and …,
t
ff∆ seems like the natural
variable for measuring the impact of reserve supply shocks on the federal funds rate …
Motivated, on the one hand, by the belief that the Fed controls the short-
term rate through open market operations, and on the …