NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Macroeconomic Effects of Interest on Reserves

Peter N. Ireland

NBER Working Paper No. 18409
Issued in September 2012

---- Acknowledgements -----

I would like to thank Michael Belongia, an associate editor, two anonymous referees, and seminar participants at the Federal Reserve Bank of Minneapolis for extremely helpful comments and suggestions. I received no external support for and have no financial interest that relates to the research described in this paper. In addition, the opinions, findings, conclusions, and recommendations expressed herein are my own and do not necessarily reflect those of the Trustees of Boston College or of the National Bureau of Economic Research. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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