Thornton, Daniel L. (contributor) - 2005
d
TR
(1) (,)
d
ttt
TR f ff x
t
η=+,
where
t
ff is the federal funds rate, x
t
is a vector of other variables that …-procedure-determined open market operation ( ), is
given by
t
OPDOMO
(4) ,
*
11
(,)(
t
tt t t t t
OPDOMO E f ff x E NBR IBA
−−
=−+
where
*
t … Desk would add x for each of the n remaining days in the maintenance period to make
up for that day’s error in forecasting …