The relationship between the federal funds rate and the Fed's federal funds rate target: is it open market or open mouth operations?
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Frankfurt am Main
Deutsche Bundesbank
2000
|
| Series: | Volkswirtschaftliches Forschungszentrum <Frankfurt, Main>: Discussion paper
2000,9 |
| Subjects: | |
| Online Access: | Volltext Inhaltsverzeichnis |
| Physical Description: | 39 S. graph. Darst. |
| ISBN: | 3933747597 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Table of Contents
1 Introduction 1
2 The Relationship between the Funds Rate and the Fund Rate Target 3
3 The Market s Reaction to Target Changes 5
4 The Model Specification and Results 8
5 Evidence From The Post Nonborrowed Reserves Targeting Period 13
6 If Neither Open Market Nor Open Mouth Operations, What? 17
7 Conclusions 21
References 23
List of Tables and Figures
Table 1: WSJ Announced and Actual Target Changes 28
Table 2: Descriptive Statistics 29
Table 3: The Market s Reaction to Wall Street Journal
Announcements of Federal Funds Rate Target Changes:
September 13, 1974 October 5, 1979 30
Table 4: Response to Target Changes Classified by Type 31
Table 5: The Market s Reaction to Actual Funds Rate Target Changes:
September 13, 1974 October 5, 1979 32
Table 6: The Market s Reaction to Actual Funds Rate Target Changes:
March 1, 1984 December 31, 1997 33
Table 7: Tests of Granger Causality Between tb3 and fftar 34
Figure 1: Federal Funds Rate and Target
(September 13, 1974 October 5, 1979) 35
Figure 2: Federal Funds Rate and Target
(March 1, 1984 September 29, 1989) 36
Figure 3: Federal Funds Rate and Target
(October 2, 1989 December 31,1997) 37
|
| any_adam_object | 1 |
| author | Thornton, Daniel L. |
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| author_facet | Thornton, Daniel L. |
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| author_sort | Thornton, Daniel L. |
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| id | DE-604.BV013528464 |
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| indexdate | 2024-07-09T18:47:24Z |
| institution | BVB |
| isbn | 3933747597 |
| language | English |
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| physical | 39 S. graph. Darst. |
| psigel | ebook |
| publishDate | 2000 |
| publishDateSearch | 2000 |
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| publisher | Deutsche Bundesbank |
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| series | Volkswirtschaftliches Forschungszentrum <Frankfurt, Main>: Discussion paper |
| series2 | Volkswirtschaftliches Forschungszentrum <Frankfurt, Main>: Discussion paper |
| spelling | Thornton, Daniel L. Verfasser (DE-588)128665122 aut The relationship between the federal funds rate and the Fed's federal funds rate target is it open market or open mouth operations? Daniel L. Thornton Frankfurt am Main Deutsche Bundesbank 2000 39 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Volkswirtschaftliches Forschungszentrum <Frankfurt, Main>: Discussion paper 2000,9 Geldpolitik (DE-588)4019902-2 gnd rswk-swf Offenmarktpolitik (DE-588)4172497-5 gnd rswk-swf Notenbank (DE-588)4042669-5 gnd rswk-swf Tagesgeld (DE-588)4299402-0 gnd rswk-swf Wertpapier (DE-588)4065674-3 gnd rswk-swf Zinsfuß (DE-588)4190927-6 gnd rswk-swf Wertpapierkurs (DE-588)4065681-0 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Notenbank (DE-588)4042669-5 s Tagesgeld (DE-588)4299402-0 s Zinsfuß (DE-588)4190927-6 s Geldpolitik (DE-588)4019902-2 s DE-604 Wertpapier (DE-588)4065674-3 s Wertpapierkurs (DE-588)4065681-0 s Offenmarktpolitik (DE-588)4172497-5 s Volkswirtschaftliches Forschungszentrum <Frankfurt, Main>: Discussion paper 2000,9 (DE-604)BV013545109 2000,9 http://hdl.handle.net/10419/19537 Verlag kostenfrei Volltext HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009235123&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Thornton, Daniel L. The relationship between the federal funds rate and the Fed's federal funds rate target is it open market or open mouth operations? Volkswirtschaftliches Forschungszentrum <Frankfurt, Main>: Discussion paper Geldpolitik (DE-588)4019902-2 gnd Offenmarktpolitik (DE-588)4172497-5 gnd Notenbank (DE-588)4042669-5 gnd Tagesgeld (DE-588)4299402-0 gnd Wertpapier (DE-588)4065674-3 gnd Zinsfuß (DE-588)4190927-6 gnd Wertpapierkurs (DE-588)4065681-0 gnd |
| subject_GND | (DE-588)4019902-2 (DE-588)4172497-5 (DE-588)4042669-5 (DE-588)4299402-0 (DE-588)4065674-3 (DE-588)4190927-6 (DE-588)4065681-0 (DE-588)4078704-7 |
| title | The relationship between the federal funds rate and the Fed's federal funds rate target is it open market or open mouth operations? |
| title_auth | The relationship between the federal funds rate and the Fed's federal funds rate target is it open market or open mouth operations? |
| title_exact_search | The relationship between the federal funds rate and the Fed's federal funds rate target is it open market or open mouth operations? |
| title_full | The relationship between the federal funds rate and the Fed's federal funds rate target is it open market or open mouth operations? Daniel L. Thornton |
| title_fullStr | The relationship between the federal funds rate and the Fed's federal funds rate target is it open market or open mouth operations? Daniel L. Thornton |
| title_full_unstemmed | The relationship between the federal funds rate and the Fed's federal funds rate target is it open market or open mouth operations? Daniel L. Thornton |
| title_short | The relationship between the federal funds rate and the Fed's federal funds rate target |
| title_sort | the relationship between the federal funds rate and the fed s federal funds rate target is it open market or open mouth operations |
| title_sub | is it open market or open mouth operations? |
| topic | Geldpolitik (DE-588)4019902-2 gnd Offenmarktpolitik (DE-588)4172497-5 gnd Notenbank (DE-588)4042669-5 gnd Tagesgeld (DE-588)4299402-0 gnd Wertpapier (DE-588)4065674-3 gnd Zinsfuß (DE-588)4190927-6 gnd Wertpapierkurs (DE-588)4065681-0 gnd |
| topic_facet | Geldpolitik Offenmarktpolitik Notenbank Tagesgeld Wertpapier Zinsfuß Wertpapierkurs USA |
| url | http://hdl.handle.net/10419/19537 http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009235123&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV013545109 |
| work_keys_str_mv | AT thorntondaniell therelationshipbetweenthefederalfundsrateandthefedsfederalfundsratetargetisitopenmarketoropenmouthoperations |