This paper reviews alternative options for monetary policy when the short‐term interest rate
is at the zero lower bound and develops new empirical estimates of the effects of the …

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 …

This chapter conducts an event study of 30 quantitative easing (QE) announcements made
by 21 central banks on daily government bond yields and bilateral US dollar exchange rates …

We provide evidence on the transmission of monetary policy shocks in a setting with both
economic and financial variables. We first show that shocks identified using high frequency …

Financialization is one of the most innovative concepts to emerge in the field of political
economy during the last three decades, although there is no agreement on what exactly it is …

Rising home values also raise the cost of living, offsetting their impact on consumption.
However, additional home equity collateral can loosen borrowing constraints, increasing …

Nominal interest rates may remain substantially below the averages of the last half century,
because central banks' inflation objectives lie below the average level of inflation, and …

We study the impact of US quantitative easing (QE) on both the emerging and advanced
economies, estimating a global vector error-correction model (GVECM). We focus on the …

We evaluate the effect of the Federal Reserve's purchase of long-term Treasuries and other
long-term bonds (" QE1" in 2008-2009 and" QE2" in 2010-2011) on interest rates. Using an …

The use of accounting measures and disclosures in banks' contracts and regulation
suggests that the quality of banks' financial reporting is central to the efficacy of market …