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Open market operations as a monetary policy shock measure in a quantitative business cycle model

Heer, Burkhard; Schabert, Andreas - 2000

This paper presents a business cycle analysis of monetary policy shocks measured by disturbances to open market operations, i.e. the ratio of open market papers to non-borrowed reserves. We find empirical evidence for the usefulness of this policy measure, as it predicts significant declines in...

Persistent link: https://www.econbiz.de/10009780205

The origins of monetary policy disagreement : the role of supply and demand shocks

Madeira, Carlos; Madeira, João; Monteiro, Paulo Santos - 2023

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Unconventional optimal open market purchases

Gu, Chao; Haslag, Joseph H. - In: Review of economic dynamics 17 (2014) 3, pp. 543-558

Persistent link: https://www.econbiz.de/10011280932

Open market operations as a monetary policy shock measure in a quantitative business cycle model

Heer, Burkhard; Schabert, Andreas - 2000

This paper presents a business cycle analysis of monetary policy shocksmeasured by disturbances to open market operations, i.e. the ratio of open market papers to non-borrowed reserves. We find empirical evidence for the usefulness of this policy measure, as it predicts significant declines in...