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Diane Publishing Books
Federal Reserveäó»s Balance Sheet: A Primer and Projections
Seth Carpenter (au)
Over the past few years, the Federal Reserve's use of unconventional monetary policy tools has led it to hold a large portfolio of securities. The securities holdings in excess of historical norms have been shown to be putting downward pressure on longer-term interest rates. One question asked is how long this unusual amount of monetary policy accommodation will be in place. The authors provide projections of the evolution of the Federal Reserve's balance sheet that are consistent with public economic forecasts and announced Federal Open Market Comm. policy principles to help answer this question. Their baseline projection suggests that market participants likely do not expect the Federal Reserve's portfolio to return to a more normal size until Aug. 2017, and its composition to return to normal until Sept. 2018. This suggests that market participants believe that unconventional monetary policy will be in place for some time, likely depressing longer-term interest rates for a number of years. Figures. This is a print on demand report.
Country Ribbon Crafts: Delightful Projects Using Easy Techniques
Essential Tibetan Buddhism
Commonwealth of Science: ANZAAS & the Scientific Enterprise in Australia, 1888-1988
Solutions: The Woman’s Crisis Handbook
Women of Strength: Biographies of 106 Who Have Excelled in Traditionally Male Fields, A.D. 61 to the Present
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