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The Economics of "Bills Preferably"

Ralph A. Young^1,2; Charles A. Yager^1,2

¹ Federal Reserve · ² Federal Reserve Board of Governors

Scope of paper, 341. — Any open market policy hinges on a well-performing government securities market, 342. — How the market facilitates monetary policy, 351. — Why monetary policy prefers short-term securities, 358. — Open market operations for other objectives, 363. — Concluding observations, 371.

DOI

10.2307/1883055

Volume

74 (3)

Pages

341

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Sources

crossref openalex