Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations by Federal Reserve Board

Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations

Federal Reserve Board

38 pages missing pub info (view editions)

nonfiction business economics informative medium-paced
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Description

We review recent changes in monetary policy that have led to development and testing of an overnight reverse repurchase agreement (ON RRP) facility, an innovative tool for implementing monetary policy during the normalization process. Making ON RR...

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