27 pages matching open-market operations in this book
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adjustment assets balance of payments billion Board of Governors bonds borrowing capital Ceteris paribus commercial banks consumer cost countries coupon debt decline deficit demand deposits demand for money discount domestic DSUs effect equal equation equilibrium Eurodollars excess reserves exchange rates exports Federal Reserve Bank Federal Reserve System Figure fiscal policy foreign currency full employment function funds greater higher holding period important inflation interest rates intermediaries investment investors less liabilities liquidity premium loans long-term lower market rates member banks ment monetarists monetary policy money supply mortgage nominal open market operations percent Phillips curve policy actions predicted price changes price expectations price increases rate of interest rate of price real income reduce relationship reserve requirements risk savings schedule sectors sell spending SSUs Table term to maturity theory tion trade transactions Treasury securities U.S. dollar United variables wealth yield curve