Lessons for Policy from Research

Arvind Krishnamurthy
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Arvind Krishnamurthy: Stanford University Graduate School of Business

Brookings Papers on Economic Activity, 2022, vol. 53, issue 2 (Fall), 233-242

Abstract: I review lessons from the research on central bank actions over the last decade and draw out implications for expanding the Federal Reserve balance sheet (quantitative easing) and shrinking the balance sheet (quantitative tightening). As I outline, there is already enough evidence in the research to indicate the manner in which the Federal Reserve could update its policy normalization principles and plans.

Keywords: macroeconomics; Federal Reserve; balance sheet (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:bin:bpeajo:v:53:y:2022:i:2022-02:p:233-242

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