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Confidence Interval Projections of the Federal Reserve Balance Sheet and Income

Author

Listed:
  • Erin E. Syron Ferris
  • Soo Jeong Kim
  • Bernd Schlusche

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.

Suggested Citation

  • Erin E. Syron Ferris & Soo Jeong Kim & Bernd Schlusche, 2016. "Confidence Interval Projections of the Federal Reserve Balance Sheet and Income," FEDS Notes 2016-01-13, Board of Governors of the Federal Reserve System (U.S.).
  • Handle: RePEc:fip:fedgfn:2016-01-13
    DOI: 10.17016/2380-7172.1875
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    File URL: https://www.federalreserve.gov/econresdata/notes/feds-notes/2017/confidence-interval-projections-of-the-federal-reserve-balance-sheet-and-income-20170113.html
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. The Fed's Balance Sheet and the Stance of Monetary Policy
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2017-04-10 17:06:33

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