Measuring the liquidity effect

Article Abstract:

A model of daily fluctuations in the Treasury balance was created to study the effects of an open-market purchase on the federal funds rate. The forecast errors of the model served as a substitute for the errors the Federal Reserve makes in calculating the effects of Treasury operations on private bank reserves. These errors considerably affect reserves and the federal funds rate. Estimates revealed that the federal funds rate would rise by 10 basis points if $30 million in nonborrowed reserves was removed in a continuous two-week reserve maintenance period.

Econometrics & Model Building, Research, Econometrics, Monetary policy, Liquidity (Finance), Business models, Open market operations, Bank reserves, Federal funds market (United States)

---

Choice, exchange, and public finance

Article Abstract:

The phenomena of public finance is appropriately assimilated in the theory of exchange. In a democratic government, the phenomena of public finance is produced by exchanges among people who have different interests and information. The workings of individual participants in government, however, can be assimilated in the theory of choice. The implications of these arguments are discussed.

---

Liquidity, efficiency and bank bailouts

Article Abstract:

A model studying the liquidity of governments, the efficient methods of investing this liquidity and the usage of liquidity in bank bailouts is presented.

Hong Kong, Pennsylvania, Public Administration & Finance, Public Admin & Finance-Total Govt, Public investments, Bank bailouts

Similar abstracts:

• Abstracts: Properly estimating the liquidity effect: why accounting for stationarity and outliers is important. A generalized method of moments comparison of the Cox-Ingersoll-Ross and Heath-Jarrow-Morton models
• Abstracts: Testing the scale effect predicted by the Fujita-Krugman urbanization model. E-commerce, productivity, and fluctuation
• Abstracts: How does FDI affect China? Evidence from industries and provinces. From inferior to superior products: and inquiry into the Wenzhou model of industrial development in China
• Abstracts: Credibility and discipline effects of exchange rates as nominal anchors: the need to distinguish temporary from permanent pegs
• Abstracts: Union contracts and the life-cycle permanent-income hypothesis. Are all the good men married? Uncovering the sources of the marital wage premium

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.