Economics, Econometrics and Finance
4 years ago

Federal Reserve's Actions Drive Federal Funds Rate Changes in Early 80s.

Econometric Reviews
Determinants of the federal funds rate: 1979-1982
Timothy Q. Cook

Paper Summary

The Federal Reserve changed its procedures in 1979 to better control money reserves. This led to some automatic changes in the federal funds rate based on money stock targets, but most changes were made by the Federal Reserve's judgment.

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