Replication data for: Outside the Box: Unconventional Monetary Policy in the Great Recession and Beyond

Kenneth N. Kuttner
In November 2008, the Federal Reserve faced a deteriorating economy and a financial crisis. The federal funds rate had already been reduced to virtually zero. Thus, the Federal Reserve turned to unconventional monetary policies. Through \"quantitative easing,\" the Fed announced plans to buy mortgage-backed securities and debt issued by government-sponsored enterprises. Subsequent purchases would eventually lead to a five-fold expansion in the Fed's balance sheet, from $900 billion to $4.5 trillion, and leave the Fed...
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