The Park Place Economist

The Effect of Changes in the Fed's Balance Sheet Size on the Level of the Yield Curve


This paper studies the relationship between the size of the Fed‘s balance sheet and the overall level of the yield curve. Section II of the paper briefly reviews the fundamental concepts of the yield curve. Section III presents the background of economic theory and past literature. Section IV presents the empirical model and the data. Section V shows the results and section VI concludes.

Note: While this article is not yet available online, the print edition of the journal is available in the University Archives at The Ames Library, Illinois Wesleyan University.

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