Search Results
Journal Article
Federal funds futures as an indicator of future monetary policy: a primer
An analysis of how federal funds futures markets are efficient processors of information concerning the future path of the fed funds rate and a discussion of some related implications for central-bank policymaking.
Journal Article
An introduction to currency boards
A look at the pros and cons of currency boards as an institution for providing monetary credibility in developing countries.
Journal Article
Monetary policy and the federal funds futures market
How well did the federal funds futures market anticipate recent monetary policy actions? The authors examine the predictive content of fed funds futures rates, which provide the Federal Open Market Committee with a clear reading of market expectations for policy, in the context of 1994 policy moves and analyze the fed funds futures market outlook in early 1995.