When Does a Central Bank’s Balance Sheet Require Fiscal Support?

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When Does a Central Bank’s Balance Sheet Require Fiscal Support?

Marco Del Negro and Christopher A. Sims
Staff Reports, Number 701, November 2014

Author Disclosure Statements

Marco Del Negro
I am an employee of the Federal Reserve Bank of New York. The views expressed in this paper do not necessarily reflect those of the Federal Reserve Bank of New York or the Federal Reserve System. I did not receive outside financial funding for this project. I declare that I have no relevant or material financial interests that relate to the research described in this paper.

Christopher A. Sims
I have served as a visiting scholar at serveral US Federal Reserve Banks and I have spoken at conferences at central banks in several countries. In some cases I have received compensation in excess of travel expenses for these engagements. During a recent academic year, while on leave, I worked half time at the Federal Reserve Bank of New York. I have no relevant or material financial interests that relate to the research described in this paper.

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