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Photo courtesy of The Gateway Arch, St. Louis, MO. www.gatewayarch.comWhen Did the FOMC Begin Targeting the Federal Funds Rate? What the Verbatim Transcripts Tell Us

By  and Daniel L. Thornton and Daniel L. Thornton

Abstract

The views expressed are those of the individual authors and do not necessarily reflect official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the Board of Governors. Federal Reserve Bank of St. Louis Working Papers are preliminary materials circulated to stimulate discussion and critical comment. References in publications to Federal Reserve Bank of St. Louis Working Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author or authors

Topics: Key Words, federal funds rate target, monetary policy, operating procedure, borrowed reserve
Year: 2004
OAI identifier: oai:CiteSeerX.psu:10.1.1.195.5027
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