Reserve Accounting and Variability in the Federal Funds Market
分析了Laurent和Poole提出的准备金核算程序对联邦基金利率预测误差的影响，发现未来随机冲击的不确定性会减小利率预测误差，但货币需求预测误差的影响不确定。
The federal-funds market is analyzed under the reserve accounting procedures suggested by Robert D. Laurent (1979) and William Poole (1976). In general, it is shown that the forecast error for the federal-funds rate is smaller when the uncertainty arises from future random shocks. However, the current forecast error for the demand for money has an ambiguous impact on the forecast error for the federal-funds rate under Laurent or Poole's procedure. Copyright 1987 by Ohio State University Press.