A must-read for Fed balance sheet dynamics esp. as relates to the unofficial policy shift to=> IOR (Interest On Reserves) instead of Fed Funds Rate - https://www.hoover.org/sites/default/files/research/docs/17102-plosser.pdf
A must-read for Fed balance sheet dynamics esp. as relates to the unofficial policy shift to=> IOR (Interest On Reserves) instead of Fed Funds Rate -
https://www.hoover.org/sites/default/files/research/docs/17102-plosser.pdf
Thank you for responding and pointing us in direction of the Hoover/Plosser article.
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A must-read for Fed balance sheet dynamics esp. as relates to the unofficial policy shift to=> IOR (Interest On Reserves) instead of Fed Funds Rate -
https://www.hoover.org/sites/default/files/research/docs/17102-plosser.pdf
Thank you for responding and pointing us in direction of the Hoover/Plosser article.