The role of liquid government bonds in the great transformation of American monetary policy

A fundamental shift in monetary policy occurred around 1980: the Fed went from a “passive” policy to an “active” policy. We study a model in which government bonds provide transactions services. We present two calibrations of our model, using pre- and post-1980 data. We show that estimates of pre- a...

Full description

Saved in:
Bibliographic details
Volume: 35
Main Author: Canzoneri, Matthew
Cumby, Robert
Diba, Behzad
López-Salido, David
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: AMSTERDAM Elsevier B.V 2011
ELSEVIER
Elsevier
published in: Journal of economic dynamics & control Vol. 35; no. 3; pp. 282 - 294
Data of publication: 2011
ISSN: 0165-1889
1879-1743
EISSN: 1879-1743
Discipline: Economics
Series: Journal of Economic Dynamics and Control
Subjects:
E58
E52
E00
Online Access: available in Bonn?
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2011
RePEc IDEAS
RePEc
CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS