| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1812 |
| 来源ID | Working Paper 1812 |
| The Response of Interest Rates to Money Announcements under Alternative Operating Prosedures and Reserve Requirement Systems | |
| V. Vance Roley | |
| 发表日期 | 1986 |
| 出版年 | 1986 |
| 语种 | 英语 |
| 摘要 | The response of interest rates to money announcement surprises is examined both theoretically and empirically in this paper. In the theoretical models developed, not only changes in operating procedures, but also reserve requirement systems, are found to potentially affect the response. Moreover, under the current two-week contemporaneous reserve requirements (CRR) adopted in February 1984, the responses in the first and second weeks of the two-week reserve maintenance period may differ. The empirical results generally conform to the predictions of the theoretical models. The response of the Treasury bill yield to money announcement surprises changed significantly following changes in either operating procedures or reserve requirement systems in October 1979, October 1982, and February 1984. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w1812 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559058 |
| 推荐引用方式 GB/T 7714 | V. Vance Roley. The Response of Interest Rates to Money Announcements under Alternative Operating Prosedures and Reserve Requirement Systems. 1986. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1812.pdf（257KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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