Zobrazeno 1 - 10
of 94
pro vyhledávání: '"Jane E. Ihrig"'
Autor:
Jane E. Ihrig, Scott A. Wolla
Publikováno v:
Finance and Economics Discussion Series. 2020:1-49
The topic of the Federal Reserve’s (the Fed’s) implementation of monetary policy has a significant presence in economics textbooks as well as standards and guidelines for economics instruction. This presence likely reflects the fact that it is th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::12976c2487250ece2385c8f4b4eb20bd
https://doi.org/10.17016/feds.2020.092
https://doi.org/10.17016/feds.2020.092
Autor:
Jane E. Ihrig, Scott A. Wolla
Publikováno v:
FEDS Notes. 2020
The Federal Reserve (the Fed), the central bank of the United States, has a Congressional mandate to promote maximum employment and price stability. While those goals were articulated in 1977, the approach and tools used to implement those objectives
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bd712a7e3a97135ddf1cc53318c36d5d
https://doi.org/10.17016/2380-7172.2754
https://doi.org/10.17016/2380-7172.2754
Publikováno v:
FEDS Notes. 2020
Note 1 and Note 2 in this three-part series described how the Federal Reserve (or Fed) implements monetary policy in normal times, with an ample quantity of reserves in the banking system. In this third and final Note in our series, we take a detour
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c626eeaaad5e6e8c0ac3a282b190b90a
https://doi.org/10.17016/2380-7172.2744
https://doi.org/10.17016/2380-7172.2744
Publikováno v:
FEDS Notes. 2020
In this second note, we describe some important influences on the supply of and demand for reserves and how the Fed will need to account for these influences in maintaining an ample quantity of reserves over the long run. These considerations are mos
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c361914e9f804b1d24c1b35b12208f2c
https://doi.org/10.17016/2380-7172.2553
https://doi.org/10.17016/2380-7172.2553
Publikováno v:
FEDS Notes. 2020
The FOMC has stated that it intends to continue implementing monetary policy in a regime with an ample supply of reserves. This Note, the first in a three-part series, provides an introductory discussion of what it means to implement policy in such a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::38902967f7506480aaa9f64c85797b05
https://doi.org/10.17016/2380-7172.2552
https://doi.org/10.17016/2380-7172.2552
Publikováno v:
Finance and Economics Discussion Series. 2020
We describe the Federal Reserve’s (the Fed’s) approach to implementing monetary policy in an ample-reserves regime. We use a stylized model to explain the factors the Fed considers and the tools it uses to ensure interest rate control when the qu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c24f292460c4253f7ff0d0297322ccc2
https://doi.org/10.17016/feds.2020.022
https://doi.org/10.17016/feds.2020.022
Publikováno v:
Journal of Money, Credit and Banking. 48:921-955
We develop a model to analyze monetary policy implementation with multiple Federal Reserve liabilities and superabundant reserves. The analysis demonstrates the Federal Reserve's tools including interest on excess reserves (IOER), overnight reverse r
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f54f0e944f025ebf0c562bf64e1a4410
https://doi.org/10.1111/jmcb.12322
https://doi.org/10.1111/jmcb.12322
Publikováno v:
Finance and Economics Discussion Series. 2017
The Federal Open Market Committee indicated in its September 2017 post-meeting statement that it will initiate in October a balance sheet normalization program to gradually reduce its securities holdings. This action will put in place a policy of rei
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::13515ef79be79c9c12acea4447fb71ee
https://doi.org/10.17016/feds.2017.099
https://doi.org/10.17016/feds.2017.099
Publikováno v:
FEDS Notes. 2017
An earlier Feds note used staff models to provide a projection for the evolution of the SOMA portfolio and an estimate of the associated term premium effect (TPE) on the 10-year Treasury yield. That analysis relied on economic, financial, and monetar
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4943fcc72c488402aebb9b7db5f62ae6
https://doi.org/10.17016/2380-7172.2081
https://doi.org/10.17016/2380-7172.2081
Publikováno v:
Finance and Economics Discussion Series. 2017
We explore the historical composition of the Federal Reserve's Treasury portfolio and its effect on Treasury yields. Using data from 1985 to 2016, we show that the divergence of the composition of the Federal Reserve's portfolio from overall Treasury
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2ad84a2cfd5e7551432802414efcf1f4
https://doi.org/10.17016/feds.2017.075
https://doi.org/10.17016/feds.2017.075