Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10013435491
Persistent link: https://www.econbiz.de/10011377338
Persistent link: https://www.econbiz.de/10009615055
Persistent link: https://www.econbiz.de/10009615737
Previous research has established that the Federal Reserve's large scale asset purchases (LSAPs) significantly influenced international bond yields. We use dynamic term structure models to uncover to what extent signaling and portfolio balance channels caused these declines. For the U.S. and...
Persistent link: https://www.econbiz.de/10013065578
Persistent link: https://www.econbiz.de/10012606824
This paper critically evaluates the literature on international unconventional monetary policies. We begin by reviewing the theories of how such heterogeneous policies could work. Empirically, event studies provide compelling evidence that international asset purchase announcements have strongly...
Persistent link: https://www.econbiz.de/10013210461
In November 2008, the Federal Reserve announced the first of a series of unconventional monetary policies, which would include asset purchases and forward guidance, to reduce long-term interest rates. We investigate the behavior of shorts, considered sophisticated investors, before and after a...
Persistent link: https://www.econbiz.de/10013210489
Persistent link: https://www.econbiz.de/10012503611
Persistent link: https://www.econbiz.de/10012308493