The Case for Staggered-Reserve Accounting
主张将准备金会计周期从一周延长至四周，并在四组银行间错开会计周期，以便美联储设定总准备金的操作目标。
An argument for an institutional reform to lengthen the reserve- accounting period from one week to four weeks and to stagger the reserve-accounting periods among four groups of banks. Such staggered- reserve accounting would allow the Federal Reserve to set operating targets for total reserves.