Simulating the Macroeconomic Effects of Unconventional Monetary Policies

Posted: 27 Jul 2018 Last revised: 21 Feb 2019

See all articles by Hess Chung

Hess Chung

Indiana University Bloomington - Department of Economics

Cynthia Doniger

Board of Governors of the Federal Reserve System

Cristina Fuentes-Albero

Federal Reserve Board; Rutgers University; Rutgers, The State University of New Jersey - Department of Economics

Bernd Schlusche

Board of Governors of the Federal Reserve System

Wei Zheng

Indiana University Purdue University Indianapolis (IUPUI)

Date Written: 2018-07-20

Abstract

In this note, we describe a method for calculating simulation results and demonstrate the benefits of the integrated model by analyzing a policy that entails an endogenous balance sheet response.

Suggested Citation

Chung, Hess and Doniger, Cynthia and Fuentes-Albero, Cristina and Schlusche, Bernd and Zheng, Wei, Simulating the Macroeconomic Effects of Unconventional Monetary Policies (2018-07-20). FED Notes No. 2018-07-20. Available at SSRN: https://ssrn.com/abstract=3220357 or http://dx.doi.org/10.17016/2380-7172.2225

Hess Chung (Contact Author)

Indiana University Bloomington - Department of Economics ( email )

304 Wylie Hall
Bloomington, IN 47405-6620
United States

Cynthia Doniger

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Cristina Fuentes-Albero

Federal Reserve Board ( email )

20th and C Streets, NW
Washington, DC 20551
United States
202-973-6971 (Phone)

HOME PAGE: http://https://sites.google.com/site/cristinafuentesalbero/

Rutgers University ( email )

75 Hamilton St
Department of Economics
New Brunswick, NJ 08901
United States

Rutgers, The State University of New Jersey - Department of Economics ( email )

75 Hamilton Street
New Brunswick, NJ 08901
United States

Bernd Schlusche

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Wei Zheng

Indiana University Purdue University Indianapolis (IUPUI) ( email )

1309 E. 10th St.
Indianapolis, IN 47405
United States

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