The United Kingdom's quantitative easing policy: design, operation and impact

M Joyce, M Tong, R Woods - Bank of England Quarterly Bulletin, 2011 - papers.ssrn.com
In response to the intensification of the financial crisis in Autumn 2008, the Bank of England,
in common with other central banks, loosened monetary policy using both conventional and …

[PDF][PDF] Effects of the quantitative easing policy: A survey of empirical analyses

H Ugai - Monetary and economic studies-Bank of Japan, 2007 - academia.edu
Effects of the Quantitative Easing Policy: A Survey of Empirical Analyses Page 1 No.06-E-10
July 2006 Effects of the Quantitative Easing Policy: A Survey of Empirical Analyses Hiroshi …

Quantitative easing and unconventional monetary policy–an introduction

M Joyce, D Miles, A Scott, D Vayanos - The Economic Journal, 2012 - academic.oup.com
This article assesses the impact of Quantitative Easing and other unconventional monetary
policies followed by central banks in the wake of the financial crisis that began in 2007. We …

[PDF][PDF] The financial market effects of the Federal Reserve's large-scale asset purchases

B Sack - 2011 - elischolar.library.yale.edu
In December 2008, the Federal Open Market Committee (FOMC) lowered the target for the
federal funds rate to a range of 0 to 25 basis points. With its traditional policy instrument set …

The macroeconomic effects of large‐scale asset purchase programmes

H Chen, V Cúrdia, A Ferrero - The economic journal, 2012 - academic.oup.com
Abstract We simulate the Federal Reserve second Large‐Scale Asset Purchase programme
in a DSGE model with bond market segmentation estimated on US data. GDP growth …

Flow and stock effects of large-scale treasury purchases: Evidence on the importance of local supply

S D'Amico, TB King - Journal of financial economics, 2013 - Elsevier
The Federal Reserve's 2009 program to purchase $300 billion of US Treasury securities
represented an unprecedented intervention in the Treasury market and provides a natural …

The financial market impact of quantitative easing

M Joyce, A Lasaosa, I Stevens, M Tong - 2010 - papers.ssrn.com
As part of its response to the global banking crisis and a sharp downturn in domestic
economic prospects, the Bank of England's Monetary Policy Committee (MPC) began a …

Whatever it takes to save the planet? Central banks and unconventional green policy

A Ferrari, VN Landi - Macroeconomic Dynamics, 2024 - cambridge.org
We study the transmission mechanism of a Green QE, defined as a policy that tilts the central
bank's balance sheet toward green bonds, that is bonds issued by non-polluting firms. We …

Assessing the economy‐wide effects of quantitative easing

G Kapetanios, H Mumtaz, I Stevens… - The Economic …, 2012 - academic.oup.com
This article examines the macroeconomic impact of the first round of quantitative easing
(QE) by the Bank of England. We attempt to quantify the effects of these purchases by …

A preferred‐habitat model of the term structure of interest rates

D Vayanos, JL Vila - Econometrica, 2021 - Wiley Online Library
We model the term structure of interest rates that results from the interaction between
investors with preferences for specific maturities and risk‐averse arbitrageurs. Shocks to the …