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On Fed watching and central bank transparency in an overlapping generations model

Haslag, Joseph H. - Federal Reserve Bank of Dallas - 2001

I develop a simple general equilibrium model that integrates fed watching with central bank opaqueness. With the intergenerational conflict, opaqueness can solve a Ramsey problem. With monetary uncertainty as the only source of randomness, transparency is the welfare maximizing policy. With...

Persistent link: https://www.econbiz.de/10005490300

Why does overnight liquidity cost more than intraday liquidity?

Bhattacharya, Joydeep; Haslag, Joseph H.; Martin, Antoine - Federal Reserve Bank of New York - 2007

In this paper, we argue that the observed difference in the cost of intraday and overnight liquidity is part of an optimal payments system design. In our environment, the interest charged on overnight liquidity affects output, while the cost of intraday liquidity only affects the distribution of...

Persistent link: https://www.econbiz.de/10005420616

How should the Fed communicate?

Poole, William - Federal Reserve Bank of St. Louis - 2005

Presentation to the "The Future of the Federal Reserve", Center for Economic Policy Studies (CEPS), Princeton University, Princeton , N.J., April 02, 2005

Persistent link: https://www.econbiz.de/10005526233

Central bank authorities’ beliefs about foreign exchange intervention

Neely, Christopher J. - Federal Reserve Bank of St. Louis - 2007

This paper presents the results of a survey of monetary authorities with respect to foreign exchange intervention. The survey offers evidence on new issues that would otherwise be difficult to investigate, such as response times, non-foreign exchange factors in intervention and profitability....

Persistent link: https://www.econbiz.de/10005490940

The temporal pattern of trading rule returns and central bank intervention: intervention does not generate technical trading rule profits

Neely, Christopher J. - Federal Reserve Bank of St. Louis - 2002

This paper characterizes the temporal pattern of trading rule returns and official intervention for Australian, German, Swiss and U.S. data to investigate whether intervention generates technical trading rule profits. High frequency data show that abnormally high trading rule returns precede...

Persistent link: https://www.econbiz.de/10005491014

Central bank transparency: why and how?

Poole, William - Federal Reserve Bank of St. Louis - 2001

Presentation at the Philadelphia Fed Policy Forum, Philadelphia - Nov. 30, 2001

Persistent link: https://www.econbiz.de/10005420416

Confidence and central banking

Poole, William - Federal Reserve Bank of St. Louis - 2000

Presentation at the Celebration of George Borts' 50th Year as Professor of Economics at Brown University, Brown University, Providence, R.I. - Oct. 14, 2000

Persistent link: https://www.econbiz.de/10005420420

Institutions for stable prices: how to design an optimal central bank law

Poole, William - Federal Reserve Bank of St. Louis - 2002

Presentation to the First Conference of the Monetary Stability Foundation at the Regional Office of Deutsche Bundesbank, Frankfurt, Germany - Dec. 5, 2002

Persistent link: https://www.econbiz.de/10005420435