It is shown how the frequency of central bank intervention in financial markets can affect the incentives for economic agents to acquire information, which will

A central bank must decide on the frequency with which it will conduct open market operations and the variability in short-term money market that it will allow.

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the internation

A selective index of major research papers prepared by IMF staff in 1991-98.

Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff under