Work

Confidence Interval Projections of the Federal Reserve Balance Sheet and Income

Year: 2017

Type: article

Abstract: In response to the financial crisis of 2008 and the subsequent recession, the Federal Reserve employed large-scale asset purchases (LSAPs) and a maturity extension program (MEP) with the purpose of reducing longer-term interest rates, and thereby promoting more accommodative financial conditions at a time when the conventional monetary policy tool, the federal funds rate, was at its effective lower bound. In this note, we presented the implications for the Federal Reserve's balance sheet and income arising from a range of future potential macroeconomic outcomes.

Source: FEDS Notes

DOI: 10.17016/2380-7172.1875

Authors: Erin E. Syron Ferris, Soo Jeong Kim, Bernd Schlusche

Institutions: Federal Reserve, Federal Reserve Board of Governors, Chungnam National University

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W2576498337

FWCI: 5.779

Cites: 4

Cited by: 15

Related to: 10