Search Results - subject_exact:"Open market operations"

Monetary policy transmission mechanisms and financial inclusion in West Africa countries

Abdulmumin, Biliqees Ayoola - 2026

The purpose of the study was to examine the influence of monetary policy on financial inclusion in sixteen West African countries using panel data from the International Monetary Fund database covering 2010- 2021. Financial inclusion was measured through a composite index generated via principal...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016062075

Financial crisis of 1931? : British banking stability and the role of open-market operations

Römer, Matthias - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015475386

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Financial crisis of 1931? British banking stability and the role of open‐market operations

Römer, Matthias - 2024

Article

The fed and the secular decline in interest rates

Hillenbrand, Sebastian - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371045

Demand in the repo market : indirect perspectives from open market operations from 2006 to 2020

Becker, Chris; Francis, Anny; Roure, Calebe de; Wilson, … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015066317

Post-COVID central bank balance sheet normalization and its implications : the case of ASEAN-4 economies

Khor, Hoe Ee; Runchana Pongsaparn; Pim-orn Wacharaprapapong - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014513956

Extracting the Federal Reserve's priorities and transparency from FOMC statements using textual data mining tools

Faras, Reyadh; Alshameri, Faleh; Bash, Ahmad - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015454729

FOMC news and segmented markets

Golez, Benjamin; Kelly, Peter; Matthies, Ben - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015432423

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FOMC News and Segmented Markets

Golez, Benjamin; Kelly, Peter; Matthies, Ben - 2023

Book / Working Paper

The usage of security lending facilities under unconventional monetary policy : evidence from Sweden

Blix Grimaldi, Marianna; Schneider, Fabienne; Vestin, David - 2026

This paper examines the interaction between quantitative easing (QE) and the securities lending facility (SLF) using a detailed dataset on Riksbank QE purchases, Swedish DMO SLF transactions and OTC repo deals. A theoretical model further shows how excess demand for assets and search frictions...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015604567

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The usage of security lending facilities under unconventional monetary policy : evidence from Sweden

Blix Grimaldi, Marianna; Schneider, Fabienne; Vestin, David - 2026 - Last updated: March 6, 2026

Edition: Last updated: March 6, 2026

Book / Working Paper

Payment needs and the size of the Federal Reserve's balance sheet

Reis, Ricardo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015626901

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Payment needs and the size of the federal reserve's balance sheet

Reis, Ricardo - 2026

Book / Working Paper

Partisan politics and Fed policy choices : a Taylor rule approach

Corder, J. Kevin - 2025

How do the President and the Congress affect the policy choices of the Federal Open Market Committee, the primary policymaking arm of the Federal Reserve System (the Fed)? I draw on a commonly used tool for estimating the sensitivity of Fed responses to output and inflation - the Taylor rule -...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015444554

A user's guide to reducing the Federal Reserve's balance sheet

Anderson, Alyssa G.; Barbarino, Alessandro; Diercks, … - 2026 - Preliminary draft

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653111

Developments in the functioning of the JGB markets from the perspective of the usage of the securities lending facility

Ide, Joji; Masuda, Tomoaki; Takahashi, Masato - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015573333

Beyond reserves : the Federal Reserve's balance sheet and the repo market

Anbil, Sriya; Anderson, Alyssa; Cohen, Ethan; Ruprecht, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668539

The devolution of Federal Reserve monetary policy strategy, 2012-24

Ireland, Peter N. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015401064

Open-ended treasury purchases : from market functioning to financial easing

D'Amico, Stefania; Gillet, Max; Schulhofer-Wohl, Sam; … - 2026

We assess whether the Fed's asset purchases can be tailored to either restore market functioning or provide economic stimulus. When the communicated goal is restoring market functioning and purchases' implementation is flexible, flow effects are significant: relative price deviations narrow....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614721

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Open-ended treasury purchases : from market functioning to financial easing

D'Amico, Stefania; Gillet, Max; Schulhofer-Wohl, Sam; … - 2024

Book / Working Paper

Precautionary money demand in a cash-in-advance model

Salas, Sergio - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015396853

Predicting the reaction of financial markets to Federal Open Market Committee post-meeting statements

Osowska, Ewelina; Wójcik, Piotr - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014584389

Monetary-fiscal interactions during large-scale asset purchase programs

Kolasa, Marcin; Walerych, Małgorzata; Wesołowsk, Grzegorz - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015373343

Project Pine: central bank open market operations with smart contracts

2025

Project Pine is a joint research study by the New York Fed's New York Innovation Center and the BIS Innovation Hub Swiss Centre that explores if and how central banks can implement monetary policy in a potential future state where the financial sector widely adopts tokenisation in wholesale markets.

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015405641

Policy rules and forward guidance following the Covid-19 recession

Papell, David H.; Prodan-Boul, Ruxandra - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015083937

Forecasting Consumer Price Index with Federal Open Market Committee Sentiment Index

Eklund, Joshua; Kim, Jong-Min - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015110326

The financial instability - monetary policy nexus : evidence from the FOMC minutes

Kanelis, Dimitrios; Kranzmann, Lars H.; Siklos, Pierre L. - 2025

We analyze how financial stability concerns discussed during Federal Open Market Committee (FOMC) meetings influence the Federal Reserve's monetary policy imple- mentation and communication. Utilizing large language models (LLMs) to analyze FOMC minutes from 1993 to 2022, we measure both...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410650

The local supply effect of asset purchases : evidence from the Eurosystem’s CSPP

Haes, Casper de; Hudepohl, Tom; Kakes, Jan - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015413402

Expansionary federal monetary policy and U.S. banks' risk profiles during the COVID-19 pandemic-induced economic recession

Zheng, Maoyong; Escalante, Cesar - 2024

This study focuses on the pandemic phase when the U.S. economy dealt with significant economic recessionary pressures due to widespread, prolonged social mobility restraints. The Federal Open Market Committee (FOMC) promptly pursued expansionary policies, such as lowering the federal funds rate...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015334740

Factor returns and FOMC announcements : the role of sentiment

Dotsis, George; Rosa, Carlo - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015187664

An asset-liability management approach to the Federal Reserve balance sheet

De Vere, Hugo; Ramaswamy, Srini; Schulhofer-Wohl, Sam - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015437442

Bank diversification and the effectiveness of monetary policy transmission : evidence from the bank lending channel in Vietnam

Van Dan Dang; Dang Van Cuong - 2021

The study empirically examines the impact of bank diversification on monetary policy transmission through the bank lending channel. Based on monetary and bank-level data from 2008 to 2018 in Vietnam, a diverse environment of monetary policy tools, results show that bank diversification...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013183758

Gauging the sentiment of federal open market committee communications through the eyes of the financial press

Banerjee, Shantanu; Cordova, Paul; Pooter, Michiel de; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015438380

From deviations to shortfalls : the effects of the FOMC's new employment objective

Bundick, Brent; Petrosky-Nadeau, Nicolas - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676098

Fed repo operations and dealer intermediation

Carlson, Mark; Saravay, Zack; Tian, Mary - 2025 - This draft: June 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015438413

Optimal asset market operations

Chiang, Yu-Ting; Zoch, Piotr - 2025

We characterize governments' optimal responses to asset market disturbances across a broad class of models with financial frictions. We show that the Ramsey plan can be achieved by a policy rule targeting a specific relationship between asset returns, regardless of the underlying disturbances....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015439109

Optimal monetary policy in a collateralized economy

Gorton, Gary; He, Ping - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013488821

Financial market effects of fomc communication : evidence from a new event-study database

Acosta, Miguel; Ajello, Andrea; Bauer, Michael D.; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015589684

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Financial market effects of FOMC communication : evidence from a new event-study database

Acosta, Miguel; Ajello, Andrea; Bauer, Michael D.; … - 2025

Book / Working Paper

Financial market effects of FOMC communication : evidence from a new event-study database

Acosta, Miguel; Ajello, Andrea; Bauer, Michael D.; … - 2025

Book / Working Paper

Financial market effects of FOMC communication : evidence from a new event-study database

Acosta, Miguel; Ajello, Andrea; Bauer, Michael D.; … - 2025

Book / Working Paper

Open mouth operations : monetary policy by threats and arguments, the monthly meetings between the Riksbank and the commercial banks, 1956-1973

Jonung, Lars - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014383020

Agree to disagree : measuring hidden dissent in FOMC meetings

Tsang, Kwok Ping; Yang, Zichao - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015556765

Central banking and monetary policy implementation : volume I

2025

"This informative book discusses the evolution of monetary policy, particularly since the subprime crisis. The contributors analyse diverse examples of the implementation of monetary policies across a range of countries, from those with major central banks such as Canada and Switzerland to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015450957

What the FOMC transcripts reveal about the monetary policy easing episode from July 1995 to January 1996

Kliesen, Kevin L. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651367

The impact on the Polish economy of the Structural Open Market Operations programme conducted by NBP

Hertel, Katarzyna; Humanicki, Marcin; Kitala, Marcin; … - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012990192

Monetarism and monetary policy

Hetzel, Robert L. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015401088

Assessing unconventional monetary policy in Japan using market operation-based monetary policy indices

Heckel, Markus; Inoue, Tomoo; Nishimura, Kiyohiko; … - 2022 - Revised: November 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014435287

Stock market volatility spillovers from U.S. to China : the pivotal role of Hong Kong

Chen, Yu-Lun; Yang, J. Jimmy; Chang, Yu-Ting - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015402968

Money in the search for a nominal anchor

Ireland, Peter N. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015064975

"whatever it takes" : the ECB remains busy with crisis management

Gern, Klaus-Jürgen; Sonnenberg, Nils; Stolzenburg, Ulrich - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013410959

Network structures and heterogeneity in policy preferences at the FOMC

Bhattacharjee, Arnab; Holly, Sean; Wasseja, Mustapha - 2024

Transcripts from the US Federal Open Markets Committee provide, albeit with a lag, valuable information on the monetary policymaking process at the Federal Reserve Bank. We use the data compiled by Chappell et al. (2005b) on preferred interest rates (not votes) of individual FOMC members....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015062136

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Network structures and heterogeneity in policy preferences at the FOMC

Bhattacharjee, Arnab; Holly, Sean; Wasseja, Mustapha - 2024

Book / Working Paper

Back to normal? : assessing the effects oftThe Federal Reserve's Quantitative Tightening

Casalena, Francesco - 2024 - This version: June 2024

We study the effects of the Federal Reserve's two Quantitative Tightening (QT) programmes implemented over the last decade. We use a high frequency identification strategy to distinguish between conventional monetary policy shocks, Treasury borrowing announcement shocks and the unwinding of the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014633721

The commercial paper funding facility

Boyarchenko, Nina; Crump, Richard K.; Kovner, Anna; … - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013329780

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The Commercial Paper Funding Facility

Boyarchenko, Nina; Crump, Richard K.; Kovner, Anna; … - 2021

Book / Working Paper

The federal reserve’s market functioning purchases

Fleming, Michael J.; Liu, Haoyang; Podjasek, Rich; … - 2022

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013329805

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The Federal Reserve's market functioning purchases

Fleming, Michael J.; Liu, Haoyang; Podjasek, Rich; … - 2021

Book / Working Paper

What the transcripts reveal about the FOMC's pre-emptive easing in July 1995

Kliesen, Kevin L. - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015070189

Analysis of the response of exchange rates to specific FOMC announcements using high-frequency data

Wang, Xiaoyong; Wang, Zanxin - 2022

Empirical studies have shown that Federal Open Market Committee (FOMC) announcements affect the exchange rate. Because of different policy targets, the exchange rate response to specific events may vary. Based on the theory of directional change (DC), this study analyzes the effects of specific...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012818177

Was something structurally wrong at the FOMC?

Blinder, Alan S. - 2024 - This draft: September 13, 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015080551