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Discount window borrowing, monetary policy, and the post-October 6, 1979 Federal Reserve operating procedure

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  • Marvin Goodfriend

Abstract

This paper is intended to be an analysis of discount window borrowing as it relates to more general issues of monetary control. The topic deserves a new look because of the central role of discount window borrowing under the post-October 6, 1979 \"reserve targeting\" operating strategy.

Suggested Citation

  • Marvin Goodfriend, 1981. "Discount window borrowing, monetary policy, and the post-October 6, 1979 Federal Reserve operating procedure," Working Paper 81-02, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:fedrwp:81-02
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    References listed on IDEAS

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    1. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
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