Articles with "portfolio balance" as a keyword



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International Spillovers of Large-Scale Asset Purchases

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Published in 2019 at "Journal of the European Economic Association"

DOI: 10.1093/jeea/jvy053

Abstract: This paper evaluates the international spillover effects of large-scale asset purchases (LSAPs) using an estimated two-country dynamic stochastic general-equilibrium model with nominal and real rigidities and portfolio balance effects. Portfolio balance effects arise from imperfect… read more here.

Keywords: portfolio balance; asset purchases; asset; large scale ... See more keywords