Honda, Yuzo; Tachibana, Minoru - Graduate School of Economics, Osaka University - 2011
The Bank of Japan adopted the Quantitative Easing (QE) Policy from March 2001 to March 2006. This paper investigates … Reserve Board (FRB) or the Bank of England (BOE) just after the collapse of Lehman Brothers. We extend vector autoregression … call rate to bank reserve during the period of QE. There are two main results. First, this paper reconfirms our qualitative …
