scholarly journals A New Daily Federal Funds Rate Series and History of the Federal Funds Market, 1928-1954

2020 ◽  
Author(s):  
David C. Wheelock ◽  
Christopher Hanes ◽  
Mark A. Carlson ◽  
Sriya Anbil
Keyword(s):  
Federal Funds ◽  
Federal Funds Rate ◽  
Federal Funds Market ◽  
History Of

scholarly journals A New Daily Federal Funds Rate Series and History of the Federal Funds Market, 1928-54

2021 ◽  
Vol 103 (1) ◽  
Author(s):  
Sriya Anbil ◽  
Mark A. Carlson ◽  
Christopher Hanes ◽  
David C. Wheelock
Keyword(s):  
Federal Funds ◽  
Federal Funds Rate ◽  
Federal Funds Market ◽  
History Of

scholarly journals A New Daily Federal Funds Rate Series and History of the Federal Funds Market, 1928-1954

2020 ◽  
Vol 2020 (059) ◽  
Author(s):  
Sriya Anbil ◽  
◽  
Mark Carlson ◽  
Christopher Hanes ◽  
David C. Wheelock ◽  
...  
Keyword(s):  
Federal Funds ◽  
Federal Funds Rate ◽  
Federal Funds Market ◽  
History Of

scholarly journals The Federal Funds Market since the Financial Crisis

2017 ◽  
pp. 1-4 ◽  
Author(s):  
Ben R. Craig ◽  
Sara Millington
Keyword(s):  
Financial Crisis ◽  
Commercial Banks ◽  
Banking System ◽  
Federal Funds ◽  
Federal Funds Rate ◽  
Excess Reserves ◽  
Federal Funds Market ◽  
Federal Home Loan Banks ◽  
Government Sponsored Enterprises

Before the financial crisis, the federal funds market was a market in which domestic commercial banks with excess reserves would lend funds overnight to other commercial banks with temporary shortfalls in liquidity. What has happened to this market since the financial crisis? Though the banking system has been awash in reserves and the federal funds rate has been near zero, the market has continued to operate, but it has changed. Different institutions now participate. Government-sponsored enterprises such as the Federal Home Loan Banks loan funds, and foreign commercial banks borrow.

scholarly journals Can Monetary Policy Prevent Financial Crises?

2020 ◽  
pp. 51-75
Author(s):  
Dr. Ioannis N. Kallianiotis
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Financial Crisis ◽  
Financial Crises ◽  
Global Financial Crisis ◽  
Open Market ◽  
Federal Funds ◽  
Federal Funds Rate ◽  
Federal Funds Market ◽  
New Instruments

Monetary policy is an important public policy, but it is not the only one to stabilize our economy and reduce its business cycles. The leading central bank, the Federal Reserve of the U.S., has introduced, after the 2008 global financial crisis, new instruments and unusual facilities to implement its new innovative monetary policy. The financial world and mostly the social scientists watch as the Federal Open Market Committee (FOMC) decides on a target interest rate in the federal funds market for the next period. The framework that the FOMC uses to implement monetary policy has changed over the last twelve years and continues to evolve today. Here, we try to evaluate the new instruments and their “effectiveness”. Before the 2008 financial crisis, policymakers used one set of traditional instruments (tools) to achieve the target rate. However, several policy interventions, introduced soon after the crisis, drastically altered the landscape of the federal funds market and the traditional economic theory. This new and uncertain environment, with enormous reserves and even interest on reserves, necessitated a new set of instruments by the Fed for its monetary policy implementation. Lately, after seven years of zero interest rate, the FOMC began in December 2015 to increase the target rate and then, went back again to a lower one, but many questions arise. How did they evaluate the effectiveness of these new instruments? Is the current federal funds rate the appropriate one for our economic wellbeing? How efficient was so far this ZIR monetary policy after the latest global financial crisis? Why the Fed put all these burdens of its ‘innovated” new monetary policy to the poor taxpayers (bail out) and to the risk-averse depositors (bail in)? Is it possible for the Fed’s policy to prevent the future financial crises? The federal funds rate was very low and affected negatively the financial markets (bubbles were growing), the real rates of interest (it is negative for twelve years), and the deposit rates (they are closed to zero for twelve years). The redistribution of wealth of depositors and taxpayers continues, which means the true economic welfare is falling and a new global recession was in preparation, if the current unfair easy money policy will persist, ignoring the necessity of a prevention of financial crises. Then, it came as an unexpected plague the coronavirus pandemic, following with a new but, the worse in economic history global crisis (chaos).

scholarly journals AGHE as an Incubator for Interdisciplinary Education

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 543-544
Author(s):  
Thomas Teasdale ◽  
Judith Howe ◽  
Carol Rogers
Keyword(s):  
Interprofessional Education ◽  
Training Programs ◽  
Health Resources ◽  
Veterans Health Administration ◽  
Interdisciplinary Education ◽  
Veterans Health ◽  
Health Administration ◽  
Federal Funds ◽  
Interprofessional Cooperation ◽  
History Of

Abstract For several decades, the history of interdisciplinary education and the development of AGHE initiatives have been closely linked. The need to educate colleagues on methods and benefits of interdisciplinary/ interprofessional cooperation toward service and research of aging has never waned. In this presentation we (a) highlight how AGHE has performed as a potent incubator for progress in this area and (b) use a few examples to illustrate how notable resulting efforts have improved geriatric care. For example, early and significant infusion of federal funds for gerontology training programs supported multi-disciplinary university-based centers, the Veterans Health Administration created interprofessional geriatric training programs, foundations such as John A. Hartford and Josiah Macy founded team training and interprofessional education programs, and the Health Resources and Services Administration funded Geriatric Education Centers and Geriatric Workforce Enhancement Programs. Efforts to advance interdisciplinary/interprofessional education have been fruitful and AGHE’s role as an incubator continues to evolve.

scholarly journals A mixture autoregressive model based on Gaussian and Student’s t-distributions

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Savi Virolainen
Keyword(s):  
Interest Rate ◽  
Autoregressive Model ◽  
Autoregressive Models ◽  
Federal Funds ◽  
Treasury Bill ◽  
Federal Funds Rate ◽  
Empirical Application ◽  
Model Based ◽  
Interest Rate Spread ◽  
Student’S T

Abstract We introduce a new mixture autoregressive model which combines Gaussian and Student’s t mixture components. The model has very attractive properties analogous to the Gaussian and Student’s t mixture autoregressive models, but it is more flexible as it enables to model series which consist of both conditionally homoscedastic Gaussian regimes and conditionally heteroscedastic Student’s t regimes. The usefulness of our model is demonstrated in an empirical application to the monthly U.S. interest rate spread between the 3-month Treasury bill rate and the effective federal funds rate.

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