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Author:Roley, V. Vance 

Journal Article
Monetary policy actions and long-term interest rates

It is generally believed that monetary policy actions are transmitted to the economy through their effect on market interest rates. According to this standard view, a restrictive monetary policy by the Federal Reserve pushes up both short-term and long-term interest rates, leading to less spending by interest-sensitive sectors of the economy such as housing, consumer durable goods, and business fixed investment. Conversely, an easier policy results in lower interest rates that stimulate economic activity. Unfortunately, empirical studies and the observed behavior of interest rates appear to ...
Economic Review , Volume 80 , Issue Q IV , Pages 73-89

Journal Article
Federal debt management policy: a re-examination of the issues

Economic Review , Volume 63 , Issue Feb , Pages 14-23

Journal Article
Federal deficits and the stock market

Empirical evidence shows that federal budget deficits have historically tended to increase stock market prices. Because deficits rose to unprecedented levels in the 1980s, however, increasing concern about their impact on interest rates and inflation may have contributed to the October 1987 decline in stock prices.
Economic Review , Volume 73 , Issue Apr , Pages 17-27

Journal Article
The demand for M1 by households: an evaluation of its stability

Economic Review , Volume 70 , Issue Apr , Pages 17-27

Journal Article
Interest rate variability, the level of interest rates, and monetary policy

Economic Review , Volume 63 , Issue Sep , Pages 17-27

Journal Article
Market perception of U.S. monetary policy since 1982

Economic Review , Volume 71 , Issue May , Pages 27-40

Journal Article
Weekly money supply announcements and the volatility of short-term interest rates

Economic Review , Volume 67 , Issue Apr , Pages 3-15

Journal Article
Monetary policy and economic performance: evidence from single equation models

Economic Review , Volume 64 , Issue Jan , Pages 3-12

Journal Article
The impact of discount rate changes on market interest rates

Economic Review , Volume 69 , Issue Jan , Pages 27-39

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