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The inflationary effects of the use of reserve ratio reductions, or open market purchases, to reduce market interest rates: a theoretical comparison

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  • Marco A. Espinosa-Vega
  • Steven Russell

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  • Marco A. Espinosa-Vega & Steven Russell, 1990. "The inflationary effects of the use of reserve ratio reductions, or open market purchases, to reduce market interest rates: a theoretical comparison," Working Papers 1990-006, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedlwp:1990-006
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    References listed on IDEAS

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    1. R. Alton Gilbert, 1985. "Operating procedures for conducting monetary policy," Review, Federal Reserve Bank of St. Louis, vol. 67(Feb).
    2. Neil Wallace, 1984. "Some of the choices for monetary policy," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 8(Win).
    3. Thomas J. Sargent & Neil Wallace, 1984. "Some Unpleasant Monetarist Arithmetic," Palgrave Macmillan Books, in: Brian Griffiths & Geoffrey E. Wood (ed.), Monetarism in the United Kingdom, pages 15-41, Palgrave Macmillan.
    4. Freeman, Scott, 1987. "Reserve requirements and optimal seigniorage," Journal of Monetary Economics, Elsevier, vol. 19(2), pages 307-314, March.
    5. Marvin Goodfriend & Monica Hargraves, 1983. "A historical assessment of the rationales and functions of reserve requirements," Economic Review, Federal Reserve Bank of Richmond, vol. 69(Mar), pages 3-21.
    6. Michael R. Darby, 1984. "Some pleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 8(Spr).
    7. Bruce Smith, 1984. "Money and inflation in colonial Massachusetts," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 8(Win).
    8. Marvin Goodfriend, 1984. "The promises and pitfalls of contemporaneous reserve requirements for the implementation of monetary policy," Economic Review, Federal Reserve Bank of Richmond, vol. 70(May), pages 3-12.
    9. Mark Toma, 1988. "The Role of the Federal Reserve in Reserve Requirement Regulation," Cato Journal, Cato Journal, Cato Institute, vol. 7(3), pages 701-726, Winter.
    10. Gordon H. Sellon, 1984. "The instruments of monetary policy," Economic Review, Federal Reserve Bank of Kansas City, vol. 69(May), pages 3-20.
    11. Henry C. Wallich, 1984. "Recent techniques of monetary policy," Economic Review, Federal Reserve Bank of Kansas City, vol. 69(May), pages 21-30.
    12. Thomas M. Supel & Richard M. Todd, 1984. "Should currency be priced like cars?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 8(Spr).
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    Keywords

    Interest rates; Monetary policy;

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