Work

The Borrowed-Reserves Operating Procedures: Theory and Evidence

Year: 1988

Type: article

Abstract: Daniel L. Thornton analyzes the Federal Reserve’s operating procedure as a method for controlling the money stock or the federal funds rate. Thornton demonstrates that the borrowed reserves operating procedure is not an effective method for controlling the money stock.

DOI: 10.20955/r.70.30-54.phh

Author: Daniel L. Thornton

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: gold

OpenAlex ID: W1565058527

FWCI: 12.21

Cites: 10

Cited by: 59

Related to: 10