Federal Reserve Bank of Richmond: "Reserve Demand Estimation: A Proposal"
April 21, 2026
April 21, 2026
RICHMOND, Virginia, April 21 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 26-13) in April 2026 by Ricardo Lagos and Gaston Navarro entitled "Reserve Demand Estimation: A Proposal".
Here are excerpts:
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Monetary policy involves two steps: The first is to choose a target for the policy rate, and the second is to implement it. The target is typically stated as a range for the interest rate at which ba . . .
Here are excerpts:
* * *
Monetary policy involves two steps: The first is to choose a target for the policy rate, and the second is to implement it. The target is typically stated as a range for the interest rate at which ba . . .