Article2012

Quantitative Easing and Unconventional Monetary Policy – an Introduction

David Kenneth Miles · Andrew J Scott · Dimitri Vayanos

423 citations0/0 files storedThe Economic Journal

No readable copy stored yet — this record is metadata only.

Monetary Policy and Economic Impact Economic theories and models European Monetary and Fiscal Policies

Abstract

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 consider the implications of theoretical models for the effectiveness of asset purchases and look at the evidence from a range of empirical studies. We also provide an overview of the contributions of the other articles in this Feature.

Citations in this library

Stored only when both papers are in the corpus — 423 citations exist upstream.

References

2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY 1969A General Equilibrium Approach To Monetary Theory 1997Credit Cycles 1988Agency Costs, Net Worth, And Business Fluctuations 1998Private and Public Supply of Liquidity 2003Zero Bound on Interest Rates and Optimal Monetary Policy 2003Interest and prices : foundations of a theory of monetary policy 2011The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy

Cited by

2014Bond Supply and Excess Bond Returns 2018Unconventional monetary policies: a re-appraisal 2008Bond Supply and Excess Bond Returns 2017Spillovers of U.S. unconventional monetary policy to emerging markets: The role of capital flows 2020Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession 2016The bank lending channel of unconventional monetary policy: The impact of the VLTROs on credit supply in Spain 2021

Imported from OpenAlex (CC0) — nothing here is generated.