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Published in 2018 at "Journal of Money, Credit and Banking"
DOI: 10.1111/jmcb.12470
Abstract: The U.S. Federal Reserve responded to the great recession by reducing policy rates to the effective lower bound. In order to provide further monetary stimulus, they subsequently conducted large-scale asset purchases, quadrupling their balance sheet…
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Keywords:
evidence canada;
channels quantitative;
quantitative easing;
international transmission ... See more keywords