Confidence Interval Projections of the Federal Reserve Balance Sheet and Income

Erin E. Syron Ferris, Soo Jeong Kim and Bernd Schlusche
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Erin E. Syron Ferris: https://www.federalreserve.gov/econres/erin-e-syron-ferris.htm
Bernd Schlusche: https://www.federalreserve.gov/econres/bernd-schlusche.htm

No 2017-01-13, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

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.

Date: 2017-01-13
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2017-01-13

DOI: 10.17016/2380-7172.1875

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