Topic: Monetary policy implementation

1. LVTS, the Overnight Market, and Monetary Policy

   Working Paper 2006-15 - Nadja Kamhi

   Operational events in the Large Value Transfer System (LVTS) almost always result in a disturbance of the regular flow of payments.

   Topics: Monetary policy implementation; Payment clearing and settlement systems

2. The Federal Reserve's Dual Mandate: A Time-Varying Monetary Policy Priority Index for the United States

   Working Paper 2006-11 - René Lalonde, Nicolas Parent

   In the United States, the Federal Reserve has a dual mandate of promoting stable inflation and maximum employment. Since the Fed directly controls only one instrument—the federal funds rate—the authors argue that the Fed's priorities continuously alternate between inflation and economic activity.

   Topics: Econometric and statistical methods; Monetary policy framework; Monetary policy implementation