Author Type

Graduate Student

Date of Award

1985

Document Type

Thesis

Publication Status

Version of Record

Submission Date

October 2026

Thesis/Dissertation Advisor [Chair]

Manage, Neela D.

Abstract

This thesis theoretically and empirically analyzes the effectiveness of alternative monetary control procedures in the United States in recent years. The overall strategy of monetary policy is described and the implications of the federal funds rate and non-borrowed reserves targeting procedures for interest rate volatility and money demand stability are discussed. Tests of linear restrictions using dummy variable specifications as well as ex post forecasts suggest that there has been a change in the interest elasticity as well as the intercept of the money demand function in 1979. The empirical specifications examined in this study use a partial-adjustment model and employ appropriate econometric techniques to obtain consistent and efficient coefficient estimates. Finally a reduced-form model of the money market is used to compare out-of-sample forecasts from alternative operating procedures.

Extent

85 p.

Comments

College of Business|Thesis (M.A.)--Florida Atlantic University, 1985.|FAU Electronic Theses and Dissertations Collection|College of Business

Identifier

FADT14238

Format

pdf

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