Škare, Marinko; Sinković, Dean - In: Macroeconomic responses to the COVID-19 pandemic : …, (pp. 157-186). 2021
The aim of this study is to analyze the role and explain the relationship between quantitative easing (and) the US … results show a high degree of coherence between quantitative easing and US stock market growth (R2 = 0.80). Spectral Granger … FED balance sheet (quantitative easing) and second, zero (or no) quantitative easing. Two regimes perfectly fit the data …