Department of Economics, Barnard College, Columbia University. The present version of the paper was presented at the World Congress of the Econometric Society in August 1985. Previous versions were presented at the meetings of the Eastern Economic Association, in April 1984, and at seminars at NYU, Columbia, and the Center of Planning and Economic Research in Athens, Greece. I have received useful comments on past versions from Steve Cecchetti, Bradford Cornell, Duncan Foley, Keith Johnson, Bruce Lehmann, Jan Loeys, Frederic Mishkin, Paul Wachtel, Carl Walsh, and especially, an anonymous associate editor of this Journal, the referee. I particularly wish to thank Mr. Charles Buchwalter of Data Resources Incorporated for access to the DRI data banks and Ms. Kim Rupert of Money Market Services Incorporated for survey data. Partial support for this research was also provided by a minigrant from Barnard College.
Reserves Announcements and Interest Rates: Does Monetary Policy Matter?
Article first published online: 30 APR 2012
1987 The American Finance Association
The Journal of Finance
Volume 42, Issue 2, pages 407–422, June 1987
How to Cite
HARDOUVELIS, G. A. (1987), Reserves Announcements and Interest Rates: Does Monetary Policy Matter?. The Journal of Finance, 42: 407–422. doi: 10.1111/j.1540-6261.1987.tb02574.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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