...
where
is the nominal short-run (90-day paper) interest rate,
the neutral nominal interest
rate,
stands for therateof inflation,
is the inflation target ofthe central ... Effectiveness of Monetary Policy, Measured by theInterestRate Gap
To evaluate the appropriateness ofthe current monetary stance, we calculate theinterestrate
gap—defined as the difference between the ... increasing number of Latin American countries have been recently strengthening their
monetary policy frameworks, using the policy interestrate as the main tool to calibrate the
stance of monetary...
... moves the supply curve at the last day ofthe RMP. This
implies that the interbank rate jumps to the marginal lending rate. Since theinterestrate on
a giv en day is a function ofthe expected rate ... the
expected rate and therefore also the current interbank rate, but the amount ofthe increase
depends on both the size of underbidding and the slope ofthe demand curve. There is
then an equilibrium ... because the behavior of the
interestrate at these days was very different from other days. At all other days the relation
between theinterest rate, i
T
,and(R
T
− M
T
) is well described by the...
... 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 ...
concerning the timely release of tax liens and the structure of installment
agreements it enters into with taxpayers. Recently enacted legislation
modifying the legal requirements regarding the structuring...
... 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 ... 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 ... time between
satisfaction ofthe liability and release ofthe lien ranged from 34 days to
more than 2,100 days. Based on our work, we estimate that for 22 percent
of unpaid tax assessment cases...
... 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...
... States General Accounting Office
Report to theSecretaryofthe Treasury
February 2002
FINANCIAL AUDIT
Bureau ofthe Public
Debt’s Fiscal Years
2001 and 2000
Schedules of Federal
Debt
GAO-02-354
This...