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Implementing short-run monetary policy with lower reserve requirements

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  • Allan D. Brunner
  • Cara S. Lown

Abstract

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Suggested Citation

  • Allan D. Brunner & Cara S. Lown, 1993. "Implementing short-run monetary policy with lower reserve requirements," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgpr:y:1993:n:1pt.2:x:3
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    References listed on IDEAS

    as
    1. Daniel L. Thornton, 1982. "Simple analytics of the money supply process and monetary control," Review, Federal Reserve Bank of St. Louis, vol. 64(Oct), pages 22-39.
    2. Michelle R. Garfinkel, 1990. "The FOMC in 1989: walking a tightrope," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 17-35.
    3. Robert J. Shiller & John Y. Campbell & Kermit L. Schoenholtz, 1983. "Forward Rates and Future Policy: Interpreting the Term Structure of Interest Rates," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 14(1), pages 173-224.
    4. Daniel L. Thornton, 1988. "The borrowed-reserves operating procedures: theory and evidence," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 30-54.
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    Citations

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    Cited by:

    1. Lee, Jim, 2002. "Federal funds rate target changes and interest rate volatility," Journal of Economics and Business, Elsevier, vol. 54(2), pages 159-191.
    2. Allan D. Brunner, 1994. "The federal funds rate and the implementation of monetary policy: estimating the Federal Reserve's reaction function," International Finance Discussion Papers 466, Board of Governors of the Federal Reserve System (U.S.).
    3. Bindseil, Ulrich, 1997. "Die Stabilisierungswirkungen von Mindestreserven," Discussion Paper Series 1: Economic Studies 1997,01, Deutsche Bundesbank.

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