The Federal Reserve's Balance Sheet and Overnight Interest Rates

This paper provides a comprehensive study of the interplay between the Federal Reserve's balance sheet and overnight interest rates. We model both the supply of and the demand for excess reserves, treating assets of the Federal Reserve as policy tools, and estimate the effects of conventional a...

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Veröffentlicht in:Finance and economics discussion series 2012, Vol.2012 (66), p.1-41
Hauptverfasser: Marquez, Jaime R., Morse, Ari, Schlusche, Bernd
Format: Artikel
Sprache:eng
Online-Zugang:Volltext
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