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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
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The narrow channel of quantitative easing : evidence from YCC down under
Lucca, David O.; Wright, Jonathan H. - 2022
We study the recent Australian experience with yield curve control (YCC) of government bonds as perhaps the best evidence of how this policy might work in other developed economies. We interpret the evidence with a simple model in which YCC affects prices of both government and other bonds via...
Persistent link: https://www.econbiz.de/10013193336
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We are all QE-sians now
Itō, Takatoshi - 2014
Persistent link: https://www.econbiz.de/10011375742
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Implementing yield curve control measures into the CNB core forecasting model
Brázdik, František; Musil, Karel; Tvrz, Stanislav - 2023
Persistent link: https://www.econbiz.de/10014339953
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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
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Quantitative easing and long-term yields in small open economies
Díez de los Ríos, Antonio; Shamloo, Maral - 2017
We compare the Federal Reserve's asset purchase programs with those implemented by the Bank of England and the Swedish Riksbank, and the Swiss National Bank’s reserve expansion program. We decompose government bond yields into (i) an expectations component, (ii) a global term premium and (iii)...
Persistent link: https://www.econbiz.de/10011684923
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The Narrow Channel of Quantitative Easing : Evidence from YCC Down Under
Lucca, David O.; Wright, Jonathan H. - National Bureau of Economic Research - 2022
We study the recent Australian experience with yield curve control (YCC) of government bonds as perhaps the best evidence of how this policy might work in other developed economies. We interpret the evidence with a simple model in which YCC affects prices of both government and other bonds via...
Persistent link: https://www.econbiz.de/10013191066
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Monetary policy after the crisis : a joint publication with the National Bank of Poland
Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.);  … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723
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Global impact of US and euro area unconventional monetary policies : a comparison
Chen, Qianying; Lombardi, Marco; Ross, Alex; Zhu, Feng - 2017
Persistent link: https://www.econbiz.de/10011613469
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Effectiveness of unconventional monetary policies in a low interest rate environment
Filardo, Andrew J.; Nakajima, Jouchi - 2018
Persistent link: https://www.econbiz.de/10011865854