This paper investigates how government bond purchases affect leverage-constrained banks and non-financial firms by … utilising a stochastic general equilibrium model. My results indicate that government bond purchases not only reduce non … non-financial sector plays an essential role in transmitting the impulses of government bond purchases to the real economy. …

This paper investigates how government bond purchases affect leverage-constrained banks and non-financial firms by … utilising a stochastic general equilibrium model. My results indicate that government bond purchases not only reduce non … non-financial sector plays an essential role in transmitting the impulses of government bond purchases to the real economy. …

bond purchases by the Bank of Japan (BOJ). Our analysis uses data on bank loans and investment flows that are classified by …This paper organizes facts and conducts an empirical analysis related to the portfolio rebalancing effect of government …