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The United Kingdom's quantitative easing policy: design, operation and
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The United Kingdom's quantitative easing policy: design, operation and (2011)The United Kingdom's quantitative easing …The Impact of QE on the UK Economy – Some Supportive Monetarist Arithmetic (2012)The Impact of QE on the UK Ec…The Financial Market Impact of Quantitative Easing in the United Kingdom (2012)The Financial Market Impact o…Have We Underestimated the Likelihood and Severity of Zero Lower Bound Events? (2012)Have We Underestimated the Li…Assessing the Economy‐wide Effects of Quantitative Easing (2012)Assessing the Economy‐wide Ef…Large-Scale Asset Purchases by the Federal Reserve: Did They Work? 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(1936)Rethinking Macroeconomic Policy (2010)Simple Analytics of the Government Expenditure Multiplier (2011)Fiscal Policy in a Depressed Economy (2012)Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower BoundA Monetary History of the United States, 1867-1960 (1964)Monetary Policy Shocks: What Have We Learned and to What End? (1998)Evaluating asset-market effects of unconventional monetary policy: a multi-country review (2014)Evaluating the impact of unconventional monetary policy measures: Empirical evidence from the ECB׳s Securities Markets Programme (2015)A Monetary History of the United States, 1867-1960 (2017)Staggered Prices in a Utility-Maximizing Framework (1996)The New Palgrave Dictionary of Economics Online (2008)Flow and Stock Effects of Large-Scale Treasury Purchases (2010)Corrigendum: a preferred-habitat model of the term structure of interest rates (Econometrica, (2021), 89, 1, (77-112), 10.3982/ECTA17440) (2023)Multivariate Simultaneous Generalized ARCH (1995)The Response of Interest Rates to US and UK Quantitative Easing (2012)Bond Supply and Excess Bond Returns (2014)On the International Spillovers of US Quantitative Easing (2016)PORTFOLIO SELECTION* (1952)Macroeconomics and Reality (1980)Unconventional monetary policy and the spillovers to emerging markets (2016)The impact of monetary policy on inequality in the UK. An empirical analysis (2017)Unconventional Monetary Policies in the Euro Area, Japan, and the United Kingdom (2018)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Unconventional monetary policy had large international effects (2014)A Comparative‐Advantage Approach to Government Debt Maturity (2015)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)
this work references cited by second hop

References

  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 2003The Zero Bound on Interest Rates and Optimal Monetary Policy854 cited
  • 2004Conducting Monetary Policy at Very Low Short-Term Interest Rates554 cited
  • 2012The Financial Market Impact of Quantitative Easing in the United Kingdom406 cited
  • 2011Large-Scale Asset Purchases by the Federal Reserve: Did They Work?402 cited
  • 2010Monetary policy in exceptional times332 cited
  • 2010Unconventional Monetary Policies: An Appraisal290 cited
  • 2012Have We Underestimated the Likelihood and Severity of Zero Lower Bound Events?278 cited
  • 2012Assessing the Economy‐wide Effects of Quantitative Easing258 cited
  • 2004Tobin's Imperfect Asset Substitution in Optimizing General Equilibrium244 cited
  • 2009Extracting inflation expectations and inflation risk premia from the term structure: A joint model of the UK nominal and real yield curves124 cited
  • 2012The Impact of QE on the UK Economy – Some Supportive Monetarist Arithmetic84 cited

Cited by

  • 2012The Funding for Lending Scheme40 cited
  • 2013Has Weak Lending and Activity in the United Kingdom Been Driven by Credit Supply Shocks?35 cited
  • 2013

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Estimating Term Premia at the Zero Bound: An Analysis of Japanese, US, and UK Yields *
35 cited
  • 2012QE and the Gilt Market: A Disaggregated Analysis28 cited
  • 2012Quantitative Easing and Other Unconventional Monetary Policies: Bank of England Conference Summary25 cited
  • 2016Unconventional Monetary Policy in the Euro Zone24 cited
  • 2020Uncertainty and Effectiveness of Monetary Policy: A Bayesian Markov Switching-VAR Analysis21 cited
  • 2014The Concept of Trust and the Political Economy of John Maynard Keynes, Illustrated Using Central Bank Forward Guidance and the Democratic Dilemma in Europe19 cited
  • 2012What Can the Money Data Tell Us About the Impact of QE18 cited
  • 2012Monetary policy and public debt18 cited
  • 2014Portfolio balance effects of the Swiss National Bank’s bond purchase program18 cited