Fiscal implications of the Federal Reserve’s Balance Sheet Normalization

Posted: 6 Jun 2018

See all articles by Michele Cavallo

Michele Cavallo

Board of Governors of the Federal Reserve System

Marco Del Negro

Federal Reserve Bank of New York

W. Scott Frame

Federal Reserve Bank of Dallas

Jamie Grasing

University of Maryland

Ben Malin

Federal Reserve Bank of Minneapolis

Carlo Rosa

Federal Reserve Banks - Federal Reserve Bank of New York

Date Written: January 09, 2018

Abstract

This Note summarizes analysis conducted in our recent FEDS working paper that seeks to understand the fiscal implications of the Federal Reserve’s balance sheet normalization program.

Suggested Citation

Cavallo, Michele and Del Negro, Marco and Frame, W. Scott and Grasing, Jamie and Malin, Benjamin A. and Rosa, Carlo, Fiscal implications of the Federal Reserve’s Balance Sheet Normalization (January 09, 2018). FEDS Notes No. 2018-01-09-2 https://doi.org/10.17016/2380-7172.2126, Available at SSRN: https://ssrn.com/abstract=3703941

Michele Cavallo (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States
+1 (202) 452-2607 (Phone)

Marco Del Negro

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

W. Scott Frame

Federal Reserve Bank of Dallas ( email )

2200 N Pearl Street
Dallas, TX 75201
United States
214-922-6984 (Phone)

Jamie Grasing

University of Maryland

College Park
College Park, MD 20742
United States

Benjamin A. Malin

Federal Reserve Bank of Minneapolis ( email )

90 Hennepin Avenue
Minneapolis, MN 55480
United States

Carlo Rosa

Federal Reserve Banks - Federal Reserve Bank of New York ( email )

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