Federal Reserve Bank of Chicago
Chicago Fed Letter
The Structure of Federal Reserve Liabilities
Throughout the financial crisis and its aftermath from late 2008 through October 2014, the Federal Reserve used asset purchases as a potent tool of monetary policy—buying longer-term Treasury and mortgage-backed securities to provide economic stimulus beyond what traditional policy approaches could produce. Consequently, the size and composition of the Fed’s balance sheet changed significantly over this period.
Cite this item
Thomas Haasl & Anna L. Paulson & Sam Schulhofer-Wohl, "The Structure of Federal Reserve Liabilities"
, Federal Reserve Bank of Chicago, Chicago Fed Letter, number 395, 2018.
Keywords: Monetary policy; payment systems
This item with handle RePEc:fip:fedhle:00084
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