Monetary policy and the federal funds futures market

How well did the federal funds futures market anticipate recent monetary policy actions? The authors examine the predictive content of fed funds futures rates, which provide the Federal Open Market Committee with a clear reading of market expectations for policy, in the context of 1994 policy moves and analyze the fed funds futures market outlook in early 1995.Monetary policy ; Federal funds market (United States)

An introduction to currency boards

A look at the pros and cons of currency boards as an institution for providing monetary credibility in developing countries.Currency boards ; Money ; Monetary policy

Allocation of livestock research resources in sub-Saharan Africa

Describes possible methods of allocating research resources based on different analytical models. Presents a brief review of models proposed; and some evidence about current agricultural and livestock reserch in sub-Saharan Africa. Also presents emperical tests of which variables might be important in defining the research priorities in 32 of ILCA's mandate countries. Compares ILCA's current allocation of funds and those suggested by the models

Literature review and economic analysis of crop response to phosphate rocks in eastern Africa

Assesses the performance of phosphate rock compared to other phosphates on cereals and feed crops, and the conditions under which it raises yield. Anayses its profitability

Productivity and profitability of cattle stall-fed for beef on smallholder farms in Malawi

Presents the results of biological and financial analyses performed on the productivity and profitability of cattle stall-fed for beef on smallholder farms in Malawi

Economic analysis of alley farming with small ruminants

Evaluates alley farming models with small ruminants based on field and experimental data from southwest Nigeria, and compares them to basic alley cropping and to fallow systems. Describes the basic fallow model, the basic alley cropping model without animals, the alley farming model with goats, as well as with sheep

Federal funds futures as an indicator of future monetary policy: a primer

An analysis of how federal funds futures markets are efficient processors of information concerning the future path of the fed funds rate and a discussion of some related implications for central-bank policymaking.Federal funds market (United States) ; Futures ; Monetary policy