... 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. Thisimplies that the interbank rate jumps to the marginal lending rate. Since theinterestrate ona giv en day is a function ofthe expected rate ... the expected rate and therefore also the current interbank rate, but the amount ofthe increasedepends on both the size of underbidding and the slope ofthe demand curve. There isthen an equilibrium ... because the behavior of the interestrate at these days was very different from other days. At all other days the relationbetween theinterest rate, iT,and(RT− MT) 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 OfficeReport to theSecretaryofthe Treasury November 2004FINANCIAL AUDITBureau ofthe Public Debt’s Fiscal Years 2004 and 2003 Schedules of Federal DebtGAO-05-116This...
... States General Accounting OfficeReport to theSecretaryofthe Treasury February 2002FINANCIAL AUDITBureau ofthe Public Debt’s Fiscal Years 2001 and 2000 Schedules of Federal DebtGAO-02-354This...