Search Results
Journal Article
The return banks have paid on NOW accounts
Journal Article
NOW at the Fed
Journal Article
Are NOWs being used as savings accounts?
Has the introduction of interest-bearing NOW accounts altered the nature of M1? That monetary aggregate, of course, is intended to measure purely transactions balances as typified by conventional checking accounts. But some observers think that consumers are using the NOW component of M1 as savings as well as transactions balances. If so, then M1 contains a nontransactions component; consequently, its growth rate compatible with any given rate of GNP growth is higher than before the introduction of NOWs. In this article, Timothy Q. Cook and Timothy D. Rowe marshal evidence on the use of NOW ...
Journal Article
Interest checking
Journal Article
New limits for the New Year