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A structural investigation of quantitative easing

Böhl, Gregor; Goy, Gavin; Strobel, Felix - 2020

Did the Federal Reserves' Quantitative Easing (QE) in the aftermath of the financial crisis have macroeconomic effects? To answer this question, the authors estimate a large-scale DSGE model over the sample from 1998 to 2020, including data of the Fed's balance sheet. The authors allow for QE to...

Persistent link: https://www.econbiz.de/10012230143

The interaction of political, fiscal and financial stability : lessons from the crisis

Gnan, Ernest (ed., introduction) - SUERF - The European Money and Finance Forum; … - 2013

The current financial, economic and fiscal crisis is among other things characterised by complex interrelations between financial, fiscal, macroeconomic and political instability. One instability breeds another, with feedback loops generating self-reinforcing adverse cycles: The financial crisis...

Persistent link: https://www.econbiz.de/10011711578

Financial crisis, global liquidity and monetary exit strategies

Belke, Ansgar - 2010

vagabonding global liquidity, there is a strong case for globally coordinating monetary exit strategies. Given unsurmountable …

Persistent link: https://www.econbiz.de/10003958646

Financial crisis, global liquidity and monetary exit strategies

Belke, Ansgar - 2010

vagabonding global liquidity, there is a strong case for globally coordinating monetary exit strategies. Given unsurmountable …

Persistent link: https://www.econbiz.de/10003961040

How much fiscal backing must the ECB have? : the euro area is not the Philippines

Belke, Ansgar - 2010

The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations ("repo"). This has led some commentators to argue that the ECB needs "fiscal...

Persistent link: https://www.econbiz.de/10010208780

A structural investigation of quantitative easing

Böhl, Gregor; Goy, Gavin; Strobel, Felix - 2021

Did the Federal Reserve's Quantitative Easing (QE) in the aftermath of the financial crisis have macroeconomic effects? To answer this question, we estimate a large-scale DSGE model over the sample from 1998 until 2020, including data of the Fed's balance sheet. We allow for QE to affect the...

Persistent link: https://www.econbiz.de/10012426411

Alice through the Looking Glass : Strategic Monetary and Fiscal Policy Interaction in a Liquidity Trap

Dhami, Sanjit - 2008

The recent experience with low inflation has reopened interest in the liquidity trap; which occurs when the nominal … interaction, we find that the optimal institutional response to the possibility of a liquidity trap has two main components. First …

Persistent link: https://www.econbiz.de/10012724407

Helicopter Drops and Liquidity Traps

Amador, Manuel; Bianchi, Javier - National Bureau of Economic Research - 2023

drops can be a useful stabilization tool during a liquidity trap. With commitment, even with balance sheet constraints …

Persistent link: https://www.econbiz.de/10014247967

Financial Crisis, Global Liquidity and Monetary Exit Strategies

Belke, Ansgar Hubertus - 2010

vagabonding global liquidity, there is a strong case for globally coordinating monetary exit strategies. Given unsurmountable …

Persistent link: https://www.econbiz.de/10013142795

The Role of Direct Monetary Instruments in Providing Economic Liquidity

Daniel, Liparã - In: Ovidius University Annals, Economic Sciences Series XII (2012) 2, pp. 450-454

economy’s liquidity, and also in satisfying its needs. Monetary policy achieves its objectives through different instruments … economic liquidity. In this process, the Central Bank plays the main character role. In this article we will discover which are … the main tools of direct action used by the Central Bank and how they affect economic liquidity. What tool can be …

Persistent link: https://www.econbiz.de/10010675715