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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

The simple analytics of money and credit in a quasi-linear environment

Andolfatto, David - Federal Reserve Bank of St. Louis - 2011

Lagos and Wright (2005) demonstrate how the essential properties of a money-search model are preserved in an … markets under limited commitment and private information. The analysis demonstrates clearly how insurance, credit, and money … the Friedman rule. In particular, I find that the same frictions that render money essential may at the same time operate …

Persistent link: https://www.econbiz.de/10009357965

Rehypothecation

Andolfatto, David; Martin, Fernando M.; Zhang, Shengxing - Federal Reserve Bank of St. Louis - 2014

Rehypothecation refers to the practice of re-using (selling or pledging as collateral) an asset that has already been pledged as collateral for a loan. We develop a dynamic general equilibrium monetary model where an “asset shortage” motivates the rehypothecation of assets. We find that in...

Persistent link: https://www.econbiz.de/10011160737

Monetary policy under uncertainty : proceedings of the Thirty-second Annual Economic Policy Conference of the Federal Reserve Bank of St.Louis

Rasche, Robert H. (contributor) - 2008

Persistent link: https://www.econbiz.de/10003765665

The effectiveness of monetary policy

Rasche, Robert H. (contributor); … - 2005

Persistent link: https://www.econbiz.de/10003344534

Perfecting the market's knowledge of monetary policy

Poole, William; Rasche, Robert H. - Federal Reserve Bank of St. Louis - 2000

The rational expectations revolution made clear that a complete macro model requires a specification of the government's economic policy. We argue that monetary policy should be conducted in such a way that the market can predict policy actions. An implication of market success in predicting...

Persistent link: https://www.econbiz.de/10005360639

The great inflation: did the shadow know better?

Poole, William; Rasche, Robert H.; Wheelock, David C. - Federal Reserve Bank of St. Louis - 2008

The Shadow Open Market Committee was formed in 1973 in response to rising inflation and the apparent unwillingness of U.S. policymakers to implement policies necessary to maintain price stability. This paper describes how the Committee's policy views differed from those of most Federal Reserve...

Persistent link: https://www.econbiz.de/10005352943

The effectiveness of monetary policy

Rasche, Robert H.; Williams, Marcela M. - Federal Reserve Bank of St. Louis - 2005

The analysis addresses changing views of the role and effectiveness of monetary policy, inflation targeting as an "effective monetary policy," monetary policy and short-run (output) stabilization, and problems in implementing a short-run stabilization policy.

Persistent link: https://www.econbiz.de/10005707702

Does monetary policy have differential regional effects?

Carlino, Gerald; DeFina, Robert - Federal Reserve Bank of Philadelphia - 1994

Persistent link: https://www.econbiz.de/10005717294