Journal Article
Interest Rate Control Is More Complicated Than You Thought
Abstract: Setting the fed funds rate is just one step. The Fed also has to deal with the discount rate and the interest rate paid on reserves. Throw in a floor system (with a subfloor!) and overnight reverse repos, and you?ve got a process that is anything but simple.
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https://www.stlouisfed.org/~/media/Publications/Regional%20Economist/2016/April/interest_rates.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2016
Issue: April
Order Number: 15-17