In this paper, we focus on the transmission mechanism of quantitative‐easing (QE) policy
and address which matters most: the size of the bond purchases in each period (flow effects) …

We develop a very simple aggregate demand analysis of a small open economy that suffers
from secular demand stagnation. It looks like the conventional Keynesian cross analysis but …

A case study approach is used to assess the multi-pronged policy response of seven small
financially open economies with flexible exchange rate regimes to external shocks following …

This study quantitatively assesses the role of foreign exchange interventions (FXIs) by
introducing a systematic FXI policy that follows a feedback rule responding to nominal FX …

We develop an aggregate demand analysis of a small open economy based on all agents'
dynamic optimization. Murota and Ono (2015) present a simple Keynesian cross analysis …

Sovereign debt sustainability in the presence of a central bank: conventional and
unconventional policies Page 1 Restricted Debt sustainability and monetary policy: The ebb …