Fed: Decomposition of Balance Sheet Reduction
February 03, 2026
February 03, 2026
WASHINGTON, Feb. 3 -- The Federal Reserve issued the following Fed Notes article:
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A Decomposition of Balance Sheet Reduction/1
Benjamin Eyal, Dave Na, and Arsenios Skaperdas
Since the Global Financial Crisis, central banks have used the size and composition of their balance sheets to influence financial conditions and economic activity when policy rates are constrained by the effective lower bound. A common measure of the size of the Fede . . .
* * *
A Decomposition of Balance Sheet Reduction/1
Benjamin Eyal, Dave Na, and Arsenios Skaperdas
Since the Global Financial Crisis, central banks have used the size and composition of their balance sheets to influence financial conditions and economic activity when policy rates are constrained by the effective lower bound. A common measure of the size of the Fede . . .