| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062010 | Economics Letters | 2008 | 5 Pages |
Abstract
This paper shows that changing the target Federal Funds rate induces changes in relative user costs of monetary assets. Estimated Morishima elasticities of substitution from the Fourier Flexible form reveal greater substitution from transactions assets and savings deposits into small time deposits than into retail money market mutual funds.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Barry E. Jones, Adrian R. Fleissig, Thomas Elger, Donald H. Dutkowsky,