Reconstruction of the Federal Reserve Bank of St. Louis Adjusted Monetary Base and Reserves
- Anderson, Richard (Federal Reserve Bank of St. Louis)
- Rasche, Robert (Federal Reserve Bank of St. Louis)
- Loesel, Jeffrey (Committee for Economic Development)
- Archival Version (Subtitle)
AbstractThis article summarizes a reconstruction of the adjusted monetary base and adjusted bank reserves of the Federal Reserve Bank of St. Louis. The revised figures, based on as much original source data as feasible, include changes to both the monetary (source) base and reserve requirement magnitude (RAM). The revised figures include the new measure or RAM developed by Anderson and Rasche (2001) that interprets the operation of retail-deposit sweep programs by United States banks, beginning in 1994, as economically equivalent to a reduction in statutory reserve requirements. The authors also present new seasonal adjustment factors that incorporate adjustments for the Y2K-related surge in the monetary base and reserves.
Table of Contents
- DS1: Dataset
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- 1293 (Type: ICPSR Study Number)
Is previous version of
Anderson, Richard G., Rasche, Robert H., Loesel, Jeffrey. A Reconstruction of the Federal Reserve Bank of St. Louis Adjusted Monetary Base and Reserves. Federal Reserve Bank of St. Louis Review.85, (5), 39-69.2003.
Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15