This 1995 Federal Reserve Bank of St. Louis Review paper by Stephen Cecchetti surveys the empirical literature attempting to distinguish two competing theories of how monetary policy affects the real …
PublishedClassicFederal Reserve Bank of St. Louis ReviewPublished Mar 1994
Building a simple rational-expectations model of the federal funds market -- a lagged Trading Desk "reaction function" for the supply of Fed balances combined with a demand for balances that depends …
PublishedClassicFederal Reserve Bank of St. Louis ReviewPublished Nov 1968