The Balance Sheet and the Future of Fed Policy

被引：3

作者：

Williamson, Stephen D. ^{[1
,2
,3
]}

机构：

[1] Washington Univ, St Louis, MO 63130 USA

[2] Fed Reserve Bank St Louis, St Louis, MO USA

[3] Fed Reserve Bank Richmond, Richmond, VA USA

来源：

OPEN ECONOMIES REVIEW | 2014年 / 25卷 / 01期

关键词：

Balance sheet; Monetary policy;

D O I：

10.1007/s11079-013-9302-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The size of the Fed's balance sheet has almost quadrupled since 2007, and the composition of the balance sheet has changed in important ways, with regard to both assets and liabilities. This short paper asseses the implications for how monetary policy works, and the entailed risks. The size of the balance sheet and its composition may not matter economically, but there are significant political risks. The political risk-taking may make monetary policy choices more difficult than they would otherwise be.

引用

页码：163 / 170

页数：8

共 50 条

[11] BALANCE-SHEET POLICY FROM BUSINESS STANDPOINT - THEORY AND PRACTICE - CONSOLIDATED BALANCE-SHEET POLICY
SIELAFF, M
BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS, 1977, 29 (03): : 230 - 251
[12] Reflections on the language policy balance sheet in Africa
Kamwangamalu, Nkonko
LANGUAGE MATTERS, 2009, 40 (02) : 133 - 144
[13] Stock market implications of Fed's balance sheet size
Ruman, Asif M.
JOURNAL OF ECONOMIC STUDIES, 2022, 49 (02) : 259 - 273
[14] Demand for Agency MBS in the Era of the Fed Balance Sheet Unwind
Duncan, Douglas
Velz, Orawin T.
JOURNAL OF STRUCTURED FINANCE, 2019, 24 (04): : 6 - 16
[15] THE FUTURE OF SHEET-FED OFFSET PRINTING - AN UPDATE
COULSON, MG
TAPPI JOURNAL, 1987, 70 (10): : 65 - 69
[16] A balance sheet analysis of monetary policy effects on banks
Li, Boyao
GLOBAL FINANCE JOURNAL, 2024, 61
[17] Deleverage, Balance Sheet Restructuring, and Economic Policy in Italy
Spano, Marcello
JOURNAL OF ECONOMIC ISSUES, 2022, 56 (01) : 225 - 243
[18] Monetary Policy and Central Bank Balance Sheet Concerns
Berriel, Tiago C.
Bhattarai, Saroj
B E JOURNAL OF MACROECONOMICS, 2009, 9 (01):
[19] Fiscal Policy and Financial Distress: A Balance Sheet Perspective
Fitzgerald, John
Lane, Philip R.
RETHINKING FISCAL POLICY AFTER THE CRISIS, 2017, : 323 - 355
[20] COMBINE BALANCE-SHEET POLICY DURING THE TRANSITION TO THE NEW BALANCE LAW
STAKS, H
BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS, 1989, 41 (04): : 325 - 337

← 1 2 3 4 5 →