Tag: Central Bank’s Balance Sheet
Why the Fed should Keep a Sizeable Balance Sheet? | Q&A with Jeremy...
Jeremy Stein, former Federal Reserve governor, talks to us about his recent research “The Federal Reserve's Balance Sheet as a Financial-Stability Tool” and why the Fed should maintain a sizeable balance sheet.
How to use Interest on Reserve for Inflation Targeting? | Q&A with Ricardo Reis...
This is the eighth installment of our interview series “Where is the General Theory of the 21st Century?”
In this installment, we continue our talk...
What is the Saturated Level of Reserves?
The Saturated Level of Reserves or efficient level of reserves, is the point which the opportunity cost for banks to hold reserves disappears, and became indifferent towards holding more reserves. The reserve demand curve beyond this point becomes close to horizontal.
Central Bank’s Balance Sheet and the Rise of Reserves
The above figure shows the balance sheet of four major central banks from 2005 to 2015. Above the horizontal axis is the asset side...
Interviews
Why Yellen should have stayed as Fed Governor? | Interview with Conti-Brown
Peter Conti-Brown, author of one of the best book about the institution of Fed, "The Power and Independence of the Federal Reserve", explains what Jay Powell's nomination means to the Fed independence and why Janet Yellen should have stay as governor after his Chair term ended.