Similar Search Results

Transmission of quantitative easing : the role of central bank reserves

Christensen, Jens H. E.; Krogstrup, Signe - 2015

We argue that the issuance of central bank reserves per se can matter for the effectof central bank large-scale asset purchases-commonly known as quantitative easing- on long-term interest rates. This effect is independent of the assets purchased, and runs through a reserve-induced portfolio...

Persistent link: https://www.econbiz.de/10011298477

Transmission of quantitative easing : the role of central bank reserves

Christensen, Jens H. E.; Krogstrup, Signe - In: The economic journal : the journal of the Royal … 129 (2019) 617, pp. 249-272

Persistent link: https://www.econbiz.de/10012034400

Quantitative easing and the supply of safe assets : evidence from international bond safety premia

Christensen, Jens H. E.; Mirkov, Nikola; Zhang, Xin - 2024

Through large-scale asset purchases, widely known as quantitative easing (QE), central banks around the world have affected the supply of safe assets by buying quasi-safe bonds in exchange for truly safe reserves. We examine the pricing effects of the European Central Bank's bond purchases in...

Persistent link: https://www.econbiz.de/10015062504

History of Bank of Japan's more than two decades of unconventional monetary easing with special emphasis on the frameworks pursued in the last 10 years

Kowalewski, Pawel; Shirai, Sayuri - 2023

trade dispute. In the early 1990s, Japan faced sluggish economic growth and low inflation, as well as severe structural … operational independence and the lessons learnt from Japan's bubble experience, meanwhile, the Bank of Japan (BOJ) was granted … independence under the new 1997 Bank of Japan Act. Japan's economic problems starting from the 1980s also coincided with the period …

Persistent link: https://www.econbiz.de/10014290883

Announcements of ECB unconventional programs : implications for the sovereign spreads of stressed euro area countries

Falagiarda, Matteo; Reitz, Stefan - In: Journal of international money and finance 53 (2015), pp. 276-295

Persistent link: https://www.econbiz.de/10011475970

Managing the fiscal risk of higher interest rates

Allen, William A. - 2021

Persistent link: https://www.econbiz.de/10012594017

An event study of COVID‐19 central bank quantitative easing in advanced and emerging economies

Rebucci, Alessandro; Hartley, Jonathan S.; Jiménez, Daniel - In: Essays in honor of M. Hashem Pesaran : prediction and …, (pp. 291-322). 2022

Persistent link: https://www.econbiz.de/10013201998

Flow effects of central bank asset purchases on euro area sovereign bond yields : evidence from a natural experiment

De Santis, Roberto A.; Holm-Hadulla, Fédéric - 2017

We estimate the response of euro area sovereign bond yields to purchase operations under the ECB's Public Sector Purchase Programme (PSPP), using granular data on all PSPP-eligible securities at daily frequency. To avoid simultaneity bias in the estimated relationship between yields and purchase...

Persistent link: https://www.econbiz.de/10011648320

An event study of COVID-19 central bank quantitative easing in advanced and emerging economies

Hartley, Jonathan; Rebucci, Alessandro - 2020

Persistent link: https://www.econbiz.de/10012228897

A global monetary policy factor in sovereign bond yields

Malliaropulos, Dimitris; Migiakis, Petros - 2022

Persistent link: https://www.econbiz.de/10013335884

1
2
3
4
5
6
7
8
9
10
Next
Last