... rate volatility decreases the speed of adjustment in a
majority of cases. By contrast, the volatility ofthe bond rate is associated with a speed-up of the
adjustment of long term corporate rates ... adjustment
speed of retail rates towards equilibrium. The extent to which this is the case is measured bythe size
of ρ1*h, h being the volatility ofthe unpredictable part ofthe market rate, see (A.2.’) ... (2001).
Interest rate setting by universal banks and the transmission mechanism in the euro area
4
interest rates. The weight of market rates in the equilibrium target of retail bank rates, which...
...
Highlights of GAO-10-88, a report to the
Secretary oftheTreasury
GAO is required to audit the
consolidated financial statements
of the U.S. government. Because of
the significance ofthe federal ... federal debt
held bythe public to the
governmentwide financial
statements, GAO audits the Bureau
of the Public Debt’s (BPD)
Schedules of Federal Debt
annually. The audit of these
schedules ... held
by the public and by certain federal
government accounts, referred to
as intragovernmental debt
holdings. The level of debt held by
the public primarily reflects how
much ofthe nation’s...
...
constitutional responsibilities and to help improve the performance and
accountability ofthe federal government for the American people. GAO
examines the use of public funds; evaluates federal programs ... mail you a list of newly posted products,
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... management system intended to
resolve many of these problems and is presently implementing the first
phase of a major component ofthe system the Integrated Financial System
(IFS). IRS’s effort ... methodology, click on the link above.
For more information, contact Steven J.
Sebastian at (202) 512-3406 or
sebastians@gao.gov.
Highlights of GAO-05-103, a report to the
Secretary oftheTreasury
November ... implications for the reliability of financial management
information produced bythe new financial management systems being
implemented.
Because ofthe significance of
Internal Revenue...
... credit.
In at least 4 ofthe 13 cases in which liens were not released timely, the
release was delayed either because IRS failed to post payments made by
the taxpayer to the taxpayer’s account ... release the applicable
federal tax lien within the statutorily mandated 30 days. The time between
satisfaction ofthe liability and release ofthe lien ranged from 34 days to
more than 2,100 ... our audit of IRS’s fiscal year 1999 financial statements,
we found that IRS did not always release the applicable federal tax lien
within 30 days ofthe tax liability being either paid off or...
... Government Accountability Office
Report to theSecretaryofthe Treasury
November 2004
FINANCIAL AUDIT
Bureau ofthe Public
Debt’s Fiscal Years
2004 and 2003
Schedules of Federal
Debt
GAO-05-116
This...