Quantitative easing auctions of Treasury bonds
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DOI: 10.1016/j.jfineco.2018.02.004
Abstract: The Federal Reserve uses (reverse) auctions to implement its purchases of Treasury bonds in quantitative easing (QE). To evaluate dealers’ offers across multiple bonds, the Fed relies on its internal yield curve model, fitted to… read more here.
Keywords: treasury; bond; treasury bonds; bonds quantitative ... See more keywords
COVID-19, Seignorage, Quantitative Easing and the Fiscal-Monetary Nexus
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DOI: 10.1057/s41294-021-00150-7
Abstract: The huge fiscal expansions triggered by the corona crisis raised debt/GDP ratios to very high levels. This led some economists to reconsider the taboo on seignorage. Following a brief documentation of the crisis impact and… read more here.
Keywords: easing fiscal; covid seignorage; quantitative easing; fiscal monetary ... See more keywords
Impact analysis of US quantitative easing policy on emerging markets
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DOI: 10.1108/ijoem-03-2016-0082
Abstract: Purpose Since the 2008 financial crisis the United States has three times implemented quantitative easing policy. The results of the policy, however, were far below all expectations. Furthermore, it flooded emerging markets with low-priced dollars.… read more here.
Keywords: easing policy; policy; quantitative easing; emerging markets ... See more keywords
International Transmission Channels of U.S. Quantitative Easing: Evidence from Canada
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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… read more here.
Keywords: evidence canada; channels quantitative; quantitative easing; international transmission ... See more keywords