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As part of the Fed's daily operating procedure, the Federal Reserve Bank of New York, the Board of Governors, and the Treasury make a forecast of that day's Treasury balance at the Fed. These forecasts are an integral part of the Fed's daily operating procedure. Errors in these forecasts can...
Persistent link: https://www.econbiz.de/10005490925
We examine the forecasting performance of a range of time-series models of the daily US effective federal funds (FF … satisfactory one-day-ahead forecasts of the FF rate; (ii) the best forecasting model is a simple univariate model where the future …
Persistent link: https://www.econbiz.de/10005707755