Since January 1994, the Federal Reserve Board has permitted depository institutions in United States to implement so-called retail sweep programs.The essence of these programs is computer software that dynamically reclassifies customer deposits between transaction accounts, which are subject statutory reserve requirement ratios as high 10 percent, and money market deposit have a zero ratio.Through use such software, hundreds banks sharply reduced amount their required reserves.In some cases,...

This essay examines the role of data and program‐code archives in making economic research 'replicable.' Replication published results is recognized as an essential part scientific method. Yet, historically, both 'demand for' 'supply of' replicable economics has been minimal. 'Respect for method' not sufficient to motivate either economists or editors professional journals ensure replicability results. We enumerate costs benefits mandatory code archives, argue that far exceed costs. Progress...

Since its inception in the early nineteenth century, U.S. commercial paper market has grown to become a key source of short-term funding for major businesses, with issuance averaging over $100 billion per day.In fall 2008, achieved national prominence when increasing stress caused some fear that, given size and importance, market's failure would sharply worsen recession.The Department Treasury Federal Reserve enacted programs targeted at providing credit liquidity restore investor...

The St. Louis Fed has a long tradition of monetarism—focusing on the role money and how much it is out there. This article retools way in economy measured notes what changed.

The authors introduce a comprehensive revision of the Divisia monetary aggregates for United States published by Federal Reserve Bank St. Louis, referred to as Monetary Services Indexes (MSI). These revised MSI are available at five levels aggregation, including new broad level aggregation that includes all assets currently reported on Reserve's H.6 statistical release. Several aspects MS] differ from those previously published. One such change is checkable and savings deposit components now...

Replicability is essential to assure the scientific integrity of empirical economic research. Some authors have suggested metadata analysis as a complementary tool. This suggestion must be addressed with caution. Empirical studies in most economics are nonstochastic sense that they seldom created via experiments and, data and computer software in-hand, should reproducible without error.

The authors survey the literature on aggregation of monetary assets and summarizes theoretical results not readily available elsewhere. article develops a dynamic, intertemporal consumer decision model explains how conditions may be obtained from competitive firm.

This paper provides a consistent, monthly measure of the amount U.S. adjusted monetary base that is domestically held, and held abroad. Most macroeconomic models address role outside money as determinant economy's aggregate price level are closed economy models, suggesting need to accurately domestic base. To do so, this presents new method estimate currency abroad, which exploits data on processing at Federal Reserve's 37 cash offices. Estimates aggregates, including M1 M2, also produced....

This analysis examines the long-run demand for adjusted monetary base in United States, 1919-1999.When "price" of is measured by inverse yield on long-term, high-quality corporate bonds and an appropriate functional form selected, quantity money demanded found to be a stable function "…of small number variables.

This paper uses several methods to study the interrelationship among Divisia monetary aggregates, prices, and income, allowing for nonstationary, nonlinearities, asymmetries, time-varying relationships series. We propose a multivariate regime switching unobserved components model obtain transitory permanent each series, potential recurrent structural changes in their dynamics. Each component follows distinct two-state Markov processes representing low or high phases. Since lead-lag...

article Free Access Share on Organizational limits to HCI: conversations with Don Norman and Janice Rohn Author: Richard Anderson View Profile Authors Info & Claims InteractionsVolume 7Issue 3May 2000 pp 36–60https://doi.org/10.1145/334216.334227Online:01 June 2000Publication History 16citation1,568DownloadsMetricsTotal Citations16Total Downloads1,568Last 12 Months137Last 6 weeks9 Get Citation AlertsNew Alert added!This alert has been successfully added will be sent to:You notified whenever...