The federal funds market, excess reserves, and unconventional monetary policy

DOI10.1016/J.JEDC.2015.02.011zbMath1401.91374OpenAlexW1992860201MaRDI QIDQ1657594

Jochen H. F. Güntner

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://www.econ.jku.at/papers/2013/wp1312.pdf

zbMATH Keywords

federal funds marketfinancial frictionsunconventional monetary policyliquidity riskexcess reserves

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites Work

• Uncertain liquidity and interbank contracting
• A computational model of banks' optimal reserve management policy.
• Understanding the accumulation of bank and thrift reserves during the U.S. financial crisis
• The effectiveness of non-standard monetary policy in addressing liquidity risk during the financial crisis: the experiences of the federal reserve and the European central bank
• Bank capital and the macroeconomy: policy considerations
• The Impact of Uncertainty Shocks
• Liquidity hoarding
• The reluctance to borrow from the Fed

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