2000 032
WORKING PAPER SERIES
The Dynamic Relationship between the Federal Funds Rate and the Treasury Bill Rate: An Empirical Investigation Lucio Sarno and Daniel L. Thornton
Working Paper 2000-032C http:/research.stlouisfed.org/wp/2000/2000-032.pdf
Revised March 2002
FEDERAL RESERVE BANK OF ST. LOUIS Research Division 411 Locust Street St. Louis, MO 63102
______________________________________________________________________________________ The views expressed are those of the individual authors and do not necessarily reflect official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the Board of Governors. Federal Reserve Bank of St. Louis Working Papers are preliminary materials circulated to stimulate discussion and critical comment. References in publications to Federal Reserve Bank of St. Louis Working Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author or authors. Photo courtesy of The Gateway Arch, St. Louis, MO. www.gatewayarch.com
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The Dynamic Relationship between the Federal Funds Rate and the Treasury Bill Rate: An Empirical Investigation Lucio Sarno and Daniel L. Thornton
Working Paper 2000-032C http:/research.stlouisfed.org/wp/2000/2000-032.pdf
Revised March 2002
FEDERAL RESERVE BANK OF ST. LOUIS Research Division 411 Locust Street St. Louis, MO 63102
______________________________________________________________________________________ The views expressed are those of the individual authors and do not necessarily reflect official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the Board of Governors. Federal Reserve Bank of St. Louis Working Papers are preliminary materials circulated to stimulate discussion and critical comment. References in publications to Federal Reserve Bank of St. Louis Working Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author or authors. Photo courtesy of The Gateway Arch, St. Louis, MO. www.gatewayarch.com
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N?iht|) Lu `@hU!
6i_ih@* +itihi @?! Lu 5| wLt
6i_ih@* +itihi @?! Lu 5| wLt @?_ i?|hi uLh ,UL?L4U L*U) +iti@hU 6ht| ihtL?G Li4Mih 2fff At ihtL?G a?i 2ff
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