What is an overnight reverse repurchase agreement (ON RRP)? What role does the interest on ON RRP

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What is an overnight reverse repurchase agreement (ON RRP)? What role does the interest on ON RRP play in the way the Fed hits its target for the federal funds rate in the current ample-reserves regime?

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Apr 16, 2024 09:00 AM

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What is an overnight reverse repurchase agreement (ON RRP)? What role does the interest on ON RRP

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An overnight reverse repurchase agreement ON RRP is a financial transaction conducted between the Federal Reserve the Fed and eligible counterparties ...View the full answer

Macroeconomics

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