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2 posts on "Central bank’s balance sheet"
January 9, 2018

Fiscal Implications of the Federal Reserve’s Balance Sheet Normalization

Michele Cavallo, Marco Del Negro, W. Scott Frame, Jamie Grasing, Benjamin A. Malin, and Carlo Rosa

In the wake of the global financial crisis, the Federal Reserve dramatically increased the size of its balance sheet—from about $900 billion at the end of 2007 to about $4.5 trillion today. At its September 2017 meeting, the Federal Open Market Committee (FOMC) announced that—effective October 2017—it would initiate the balance sheet normalization program described in the June 2017 addendum to the FOMC’s Policy Normalization Principles and Plans.

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Posted at 7:00 am in Federal Reserve, Monetary Policy | Permalink
April 1, 2015

Central Bank Solvency and Inflation

Marco Del Negro and Christopher A. Sims

Marco Del Negro and Christopher A. Sims The monetary base in the United States, defined as currency plus bank reserves, grew from about $800 billion in 2008 to $2 trillion in 2012, and to roughly $4 trillion at the end of 2014 (see chart below). Some commentators have viewed this increase in the monetary base […]

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Posted at 8:38 am in Fiscal Policy, Macroeconomics, Monetary Policy | Permalink | Comments (1)

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