Work

Federal Reserve Policy, 1975–1985: An empirical analysis

Year: 1988

Type: article

Abstract: This paper examines the operating procedures of the Federal Reserve System over the last decade using VAR models. From April 1975 to September 1979, we check to see whether or not the Fed was using a federal funds operating procedure. We examine the time period from October 1979 to September 1982 to see if the Fed was using a nonborrowed or borrowed reserve operating procedure. The final period from October 1982 to October 1985 is examined to determine whether or not the Fed was using a borrowed reserve operating procedure.

Source: Journal of Macroeconomics

DOI: 10.1016/0164-0704(88)90003-1

Authors: Thomas F. Cosimano, Dennis W. Jansen

Institution: University of Notre Dame

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: hybrid

Estimated APC paid: $3,140

OpenAlex ID: W2061744028

FWCI: 3.04

Cites: 23

Cited by: 12

Related to: 10