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When did the FOMC begin targeting the federal funds rate? : what the verbatim transcripts tell us

Thornton, Daniel L. - In: Journal of money, credit and banking : JMCB 38 (2006) 8, pp. 2039-2071

Persistent link: https://www.econbiz.de/10003506369

Policy rules consistent with the FOMC's longer-run goals and monetary policy strategy

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The Relationship between the Federal Funds Rate and the Fed's Federal Funds Rate Target : Is it Open Market or Open Mouth Operations?

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When Did the FOMC Begin Targeting the Federal Funds Rate? What the Verbatim Transcripts Tell Us

Thornton, Daniel L. - 2005

In October 1982 the FOMC deemphasized M1 and moved to what is commonly referred to as a borrowed reserves operating procedure. Sometime thereafter the FOMC switched to a funds rate targeting procedure but never formally announced the change. Given the close correspondence between a borrowed...

Persistent link: https://www.econbiz.de/10014063637