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Lessons for Policy from Research

Author

Listed:
  • Arvind Krishnamurthy

    (Stanford University Graduate School of Business)

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.

Suggested Citation

  • Arvind Krishnamurthy, 2022. "Lessons for Policy from Research," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 53(2 (Fall)), pages 233-242.
    • Handle: RePEc:bin:bpeajo:v:53:y:2022:i:2022-02:p:233-242
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    File URL: https://www.brookings.edu/articles/shrinking-the-federal-reserve-balance-sheet/
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