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The Costs of Quantitative Easing: Liquidity and Market Functioning Effects of Federal Reserve MBS Purchases
16 references·6 citing·44 second hop
The Costs of Quantitative Easing: Liquidity and Market Functioning Effects of Federal Reserve MBS Purchases (2014)The Costs of Quantitative Easing: Liquidi…TBA Trading and Liquidity in the Agency MBS Market (2013)TBA Trading and Liquidity in …Intermediary Asset Pricing (2013)Intermediary Asset PricingThe Response of Interest Rates to US and UK Quantitative Easing (2012)The Response of Interest Rate…The Financial Market Impact of Quantitative Easing in the United Kingdom (2012)The Financial Market Impact o…The Financial Market Effects of the Federal Reserve's Large-Scale Asset Purchases (2012)The Financial Market Effects …Flow and stock effects of large-scale treasury purchases: Evidence on the importance of local supply (2012)Flow and stock effects of lar…The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy (2011)The Effects of Quantitative E…The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy (2011)The Effects of Quantitative E…The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment (2011)The Effectiveness of Alternat…Did the Federal Reserve's MBS purchase program lower mortgage rates? (2011)Did the Federal Reserve's MBS…Unconventional Monetary Policy Had Large International Effects (2010)Unconventional Monetary Polic…The Financial Market Impact of Quantitative Easing (2010)The Financial Market Impact o…The Central-Bank Balance Sheet as an Instrument of Monetary Policy (2010)The Central-Bank Balance Shee…A model of unconventional monetary policy (2010)A model of unconventional mon…Intermediary Asset Pricing (2008)Intermediary Asset PricingMeasuring Treasury Market Liquidity (2001)Measuring Treasury Market Liq…Mortgage-backed securities (2023)Mortgage-backed securitiesMeasuring Sovereign Bond Market Integration (2019)Measuring Sovereign Bond Mark…The Market Microstructure of Central Bank Bond Purchases (2018)The Market Microstructure of …Scarcity Effects of QE: A Transaction-Level Analysis in the Bund Market (2017)Scarcity Effects of QE: A Tra…Monetary Policy Implementation and Financial Vulnerability: Evidence from the Overnight Reverse Repurchase Facility (2017)Monetary Policy Implementatio…Transmission of Quantitative Easing: The Role of Central Bank Reserves (2016)Transmission of Quantitative …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems (1993)Bond Supply and Excess Bond Returns (2014)Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates (2014)Measuring the effects of federal reserve forward guidance and asset purchases on financial markets (2020)Parsimonious Modeling of Yield Curves (1987)Forecasting, Structural Time Series Models and the Kalman Filter (1990)A YIELD‐FACTOR MODEL OF INTEREST RATES (1996)The Signaling Channel for Federal Reserve Bond Purchases (2013)Evaluating the impact of unconventional monetary policy measures: Empirical evidence from the ECB׳s Securities Markets Programme (2015)Corrigendum: a preferred-habitat model of the term structure of interest rates (Econometrica, (2021), 89, 1, (77-112), 10.3982/ECTA17440) (2023)It's Baaack: Japan's Slump and the Return of the Liquidity Trap (1998)The Zero Bound on Interest Rates and Optimal Monetary Policy (2003)Zero Bound on Interest Rates and Optimal Monetary Policy (2003)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Financial Intermediation and Credit Policy in Business Cycle Analysis (2010)Credit Spreads and Business Cycle Fluctuations (2012)A Macroeconomic Model with a Financial Sector (2014)A Theory of the Term Structure of Interest Rates (1985)Demand-Based Option Pricing (2005)The U.S. Treasury yield curve: 1961 to the present (2007)Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound (2013)Capital flows to emerging market economies: A brave new world? (2014)A New Measure of Monetary Shocks: Derivation and Implications (2004)Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach* (2012)Fiscal Policy in a Depressed Economy (2012)Macroeconomic Shocks and Their Propagation (2016)Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower BoundLiquidity Preference as Behavior Towards Risk (1958)Multivariate Simultaneous Generalized ARCH (1995)The Federal Reserve's Large‐scale Asset Purchase Programmes: Rationale and Effects (2012)International channels of the Fed's unconventional monetary policy (2014)A General Equilibrium Approach To Monetary Theory (1969)On the International Spillovers of US Quantitative Easing (2016)A Preferred-Habitat Model of the Term Structure of Interest Rates (2009)The Aggregate Demand for Treasury Debt (2012)Asset Prices in an Exchange Economy (1978)Agency Costs, Net Worth, And Business Fluctuations (1988)Credit Cycles (1997)Financial Intermediaries and the Cross‐Section of Asset Returns (2014)Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence (2015)The Deposits Channel of Monetary Policy* (2017)
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References

  • 2010A model of unconventional monetary policy2,439 cited
  • 2013Intermediary Asset Pricing1,401 cited
  • 2011The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy1,198 cited
  • 2012The Financial Market Effects of the Federal Reserve's Large-Scale Asset Purchases704 cited
  • 2011The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment671 cited
  • 2012Flow and stock effects of large-scale treasury purchases: Evidence on the importance of local supply655 cited
  • 2011The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy413 cited
  • 2012The Financial Market Impact of Quantitative Easing in the United Kingdom406 cited
  • 2012The Response of Interest Rates to US and UK Quantitative Easing344 cited
  • 2010The Financial Market Impact of Quantitative Easing303 cited
  • 2001Measuring Treasury Market Liquidity227 cited
  • 2010Unconventional Monetary Policy Had Large International Effects225 cited
  • 2011Did the Federal Reserve's MBS purchase program lower mortgage rates?172 cited
  • 2010The Central-Bank Balance Sheet as an Instrument of Monetary Policy164 cited
  • 2008Intermediary Asset Pricing

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162 cited
  • 2013TBA Trading and Liquidity in the Agency MBS Market130 cited
  • Cited by

    • 2017Monetary Policy Implementation and Financial Vulnerability: Evidence from the Overnight Reverse Repurchase Facility35 cited
    • 2018The Market Microstructure of Central Bank Bond Purchases26 cited
    • 2023Mortgage-backed securities24 cited
    • 2019Measuring Sovereign Bond Market Integration23 cited
    • 2017Scarcity Effects of QE: A Transaction-Level Analysis in the Bund Market23 cited
    • 2016Transmission of Quantitative Easing: The Role of Central Bank Reserves16 cited