Confidence Interval Projections of the Federal Reserve Balance Sheet and Income

Posted: 14 Oct 2017

See all articles by Erin Syron Ferris

Erin Syron Ferris

Board of Governors of the Federal Reserve System

Soo Jeong Kim

Chungnam National University

Bernd Schlusche

Board of Governors of the Federal Reserve System

Date Written: January 13, 2017

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.

Suggested Citation

Syron Ferris, Erin and Jeong Kim, Soo and Schlusche, Bernd, Confidence Interval Projections of the Federal Reserve Balance Sheet and Income (January 13, 2017). FEDS Notes No. 2017-01-13 https://doi.org/10.17016/2380-7172.1875, Available at SSRN: https://ssrn.com/abstract=3711698

Erin Syron Ferris (Contact Author)

Board of Governors of the Federal Reserve System ( email )

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

Soo Jeong Kim

Chungnam National University

Daejon, 34134
Korea, Republic of (South Korea)

Bernd Schlusche

Board of Governors of the Federal Reserve System ( email )

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

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