✦ LIBER ✦

The Fed funds futures rate as a predictor of federal reserve policy

✍ Scribed by Krueger, Joel T.; Kuttner, Kenneth N.

Publisher: John Wiley and Sons
Year: 1996
Tongue: English
Weight: 745 KB
Volume: 16
Category: Article
ISSN: 0270-7314
DOI: 10.1002/(sici)1096-9934(199612)16:8<865::aid-fut2>3.0.co;2-k

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✦ Synopsis

The Federal funds rate is also an ingredient in marc sophisticated measures of monetary policy as described in Bernankc and Mihov (1995) and Strongin (1995). Those measures also incorporate the volumc of nonborrowed and total reserves. 2See, for example, McGee (1995).