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The institutional environments in which central banks operate have become more alike over the past decade. The author … examines the monetary policy operating procedures of the Federal Reserve and central banks in Japan, Germany, the United …
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of central banking issues and to contribute in this way to informed monetary policy decisions. Sproul's address provides …
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Adapted from a report prepared by the Open Market Group of the Federal Reserve Bank of New York and submitted to the Federal Open Market Committee by Peter D. Sternlight, Manager for Domestic Operations of the System Open Market Account.
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