How the Federal Reserve’s Quantitative Easing Affects the Federal Budget

Congressional Budget Office

No 57519, Reports from Congressional Budget Office

Abstract: In this report, CBO examines the mechanisms by which quantitative easing (QE)—large asset purchasing programs conducted by the Federal Reserve— affects the federal budget deficit. The report also describes the two large expansions of the Federal Reserve’s balance sheet that resulted from QE policies instituted in response to the 2007–2009 and 2020 recessions and discusses the risks involved when the Federal Reserve uses QE to achieve its monetary policy objectives.

JEL-codes: E44 E52 E58 E63 H68 (search for similar items in EconPapers)
Date: 2022-09-08
New Economics Papers: this item is included in nep-mon
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cbo.gov/system/files/2022-09/57519-balance-sheet.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbo:report:57519

Access Statistics for this paper

More papers in Reports from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by ().