Federal Funds Rate Control with Voluntary Reserve Targets

Garth Baughman and Francesca Carapella

No 2019-08-26, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This note describes a framework for implementing monetary policy, dubbed a voluntary reserve targets framework, that could reintroduce significant margins in the federal funds market, reviving the market no matter the aggregate quantity of reserves, while simultaneously limiting the volatility of rates.

Date: 2019-08-26
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2019-08-26

DOI: 10.17016/2380-7172.2405

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