Assessing the Macroeconomic Impact of the ECB’s Asset Purchase Programme in a Dynamic Nelson–Siegel Modelling Framework
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More about this item
Keywords
Quantitative Easing; Asset Purchase Programme; European Central Bank; Term Structure Model; Portfolio Balance Channel;All these keywords.
JEL classification:
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2019-03-11 (Central Banking)
- NEP-EEC-2019-03-11 (European Economics)
- NEP-MAC-2019-03-11 (Macroeconomics)
- NEP-MON-2019-03-11 (Monetary Economics)
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