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The effect of changes in the federal funds rate target on stock prices in the 1970s

✍ Scribed by Willem Thorbecke; Tarik Alami

Book ID
116096213
Publisher
Elsevier Science
Year
1994
Tongue
English
Weight
360 KB
Volume
46
Category
Article
ISSN
0148-6195

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πŸ“œ SIMILAR VOLUMES

Why were changes in the federal funds ra
Why were changes in the federal funds rate smaller in the 1990s?
✍ Arabinda Basistha; Professor Richard Startz πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 148 KB

## Abstract We identify two major changes in the dynamics of the federal funds rate in the 1990s. We model the desired rate in a two‐regime setting, one when the Fed makes no change and the other when the Fed is moving the desired rate to a new level. We find that the 1990s saw a longer duration in