The Response of Interest Rates to Money Announcements under Alternative Operating Prosedures and Reserve Requirement Systems
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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,
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美国国家经济研究局创建时间：
1986-01-01
