QUANTITATIVE EASING AND UNCONVENTIONAL MONETARY POLICY - AN INTRODUCTION

被引:191
|
作者
Joyce, Michael
Miles, David [1 ]
Scott, Andrew
Vayanos, Dimitri
机构
[1] Bank England, London EC2R 8AH, England
来源
ECONOMIC JOURNAL | 2012年 / 122卷 / 564期
关键词
ASSET PURCHASE PROGRAMS; INTEREST-RATES; MARKET;
D O I
10.1111/j.1468-0297.2012.02551.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:F271 / F288
页数:18
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