Monetary policy pass-through after the LCR☆

被引：0
|
作者：
Anderson, Alyssa [1 ]
Tase, Manjola [1 ]
机构：
[1] Fed Reserve Board, 20th & C St NW, Washington, DC 20551 USA
来源：
ECONOMICS LETTERS | 2024年 / 234卷
关键词：
Federal funds; Short-term funding markets; Monetary policy transmission; Liquidity Coverage Ratio;
D O I：
10.1016/j.econlet.2023.111483
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
After the implementation of the Liquidity Coverage Ratio (LCR), trading in the federal funds market, which generally has a relatively favorable LCR treatment, became more driven by market liquidity. As a result, we document that pass-through of the federal funds rate to other short-term interest rates strengthened.
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页数：4
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