Substitutability of Monetary Policy Instruments

Cynthia Doniger, James Hebden, Luke Pettit and Arsenios Skaperdas

No 2019-07-19, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This note presents an approach to infer the magnitude of changes to the level of the policy target rate--a more commonly used metric of monetary policy actions--that would lead to approximately the same macroeconomic outcomes as induced through changes in the central bank's balance sheet.

Date: 2019-07-19
New Economics Papers: this item is included in nep-mon
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.federalreserve.gov//econres/notes/feds ... ruments-20190719.htm (text/html)

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:fip:fedgfn:2019-07-19

DOI: 10.17016/2380-7172.2284

Access Statistics for this paper

More papers in FEDS Notes from Board of Governors of the Federal Reserve System (U.S.) Contact information at EDIRC.
Bibliographic data for series maintained by Ryan Wolfslayer ; Keisha Fournillier ().