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Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 2000

held, and of the amount held abroad. Most macroeconomic models that address the role of outside money as a determinant of …

Persistent link: https://www.econbiz.de/10005352832

Construction of an estimated domestic monetary base using new estimates of foreign holdings of U.S. currency

Anderson, Richard G.; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 1997

This paper presents a new method to estimate the amount of U.S. currency held abroad. The method exploits the fact the Federal Reserve System is the major processor of currency for depository institutions. The method exploits differentials across denominations in the ratios of shipments to...

Persistent link: https://www.econbiz.de/10005352909

Recent developments in monetary macroeconomics and U.S. dollar policy

Gavin, William T. - Federal Reserve Bank of St. Louis - 2005

This paper summarizes recent developments in the theory and practice of monetary policy in a closed economy and explains what these developments mean for United States dollar policy. There is no conflict between what is appropriate U.S. monetary policy at home or abroad because the dollar is the...

Persistent link: https://www.econbiz.de/10005490999