The effectiveness of the ECB’s asset purchases at the lower bound
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More about this item
Keywords
preferred-habitat theory; term premiums; effective lower bound; quantitative easing; large-scale asset purchases; forward guidance;All these keywords.
JEL classification:
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2020-01-13 (Central Banking)
- NEP-EEC-2020-01-13 (European Economics)
- NEP-MAC-2020-01-13 (Macroeconomics)
- NEP-MON-2020-01-13 (Monetary Economics)
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