Relationship Between Short-Term Interest Rates and Excess Reserves : A Logistic Approach /
This paper models the relationship between short-term rates and excess reserves in an interest rate corridor as a logistic function estimated for the Eurosystem. The estimate helps to identify conditions in which short-term rates become unanchored, that is, they move away from the policy rates and b...
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| Weitere Verfasser: | , |
| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2018.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2018/080 |
| Online Zugang: | Full text available on IMF |