long-term Treasury bond yields, through both "signaling" and "portfolio balance" channels. On the other hand, the Fed … enhancing the LSAP's effect to keep term premiums low. Estimation results also reveal a diminished effectiveness of the LSAP …

it has generated financial fragility at home and abroad, exposing developing countries to a new boom-bust cycle. Tapering …

tapering may trigger financial instability in those countries. The central objective of our paper is to empirically investigate … different factors which influence the effect of QE tapering on financial instability in order to identify the most significant … magnified the effect of QE tapering on financial instability. While there is no evidence that macroprudential policies directly …

In May 2013, Federal Reserve officials first began to talk of the possibility of tapering their security purchases …. This tapering talk had a sharp negative impact on emerging markets. Different countries, however, were affected differently …

Geldpolitik auszuwirken. Nach 1,5 % 1996 dürfte das reale BIP 1997 um etwa 3 % expandieren. …