That's the finding of a new paper from Eric Swanson, a professor at the University of California at Irvine who is a former researcher at the San Francisco Fed. … Swanson found that while big announcements from the Fed might have a temporary effect on short-term yields, the impact of bond buys, which totaled in the trillions and quintupled the Fed's balance sheet to about $4.5 trillion in assets, was deeper and longer-lasting.

For the full story, please visit http://www.businessinsider.com/fed-forward-guidance-compared-to-quantitative-easing-swanson-paper-2017-5.

 

© UC Irvine School of Social Sciences - 3151 Social Sciences Plaza, Irvine, CA 92697-5100 - 949.824.2766