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The future of monetary policy : summary of the conference held in Rome on 30 September and 1 October 2010

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Monetary policy implementation and the federal funds rate

Nautz, Dieter (contributor); Schmidt, Sandra (contributor) - 2008

This paper investigates how the implementation of monetary policy affects the dynamics and the volatility of the federal funds rate. Since the early 1980s, the most important changes in the Fed's conduct of monetary policy refer to the role of the federal funds rate target and the reserve...