Content
@
0 reply
0 recast
0 reaction
adcv
@adcv
reviewing Niall Ferguson's 2015 paper on the composition of central bank balance sheets over time: https://www.econstor.eu/bitstream/10419/110876/1/cesifo_wp5379.pdf some interesting observations:
1 reply
0 recast
2 reactions
adcv
@adcv
"Government debt and government-guaranteed assets today again account for as large a share of central bank balance sheet size as they did during World War II."
1 reply
0 recast
0 reaction
adcv
@adcv
"The eight central banks in our sample and the euro area central banks experienced a significant increase in their balance sheets after 2007. On average, balance sheets have grown by almost 20 percentage points relative to GDP. The expansion leading up to and during World War II was also around 20 percentage points"
1 reply
0 recast
0 reaction
