| 书目名称 | Quantitative Easing and Its Impact in the US, Japan, the UK and Europe | | 编辑 | Kjell Hausken,Mthuli Ncube | | 视频video | | | 概述 | Analyses the impact of quantitative easing on interest rates and the economy of the US, Japan, UK and Europe.Demonstrates that the Federal Reserve and Bank of England, focusing primarily on bond purch | | 丛书名称 | SpringerBriefs in Economics | | 图书封面 |  | | 描述 | This volume empirically analyzes the effects of quantitative easing (QE) on interest rates and the economy in the US, Japan, UK and Europe. Using an event-study methodology, the authors find that the measures undertaken by the Federal Reserve and Bank of England, which focus primarily on bond purchases, are much more effective in lowering interest rates than those undertaken by the Bank of Japan and the European Central Bank, which have relied more heavily on lending to private financial institutions. Using large Bayesian vector autoregression (BVAR) models they also analyze the impact of QE on the wider economy. They produce no-QE counterfactual forecasts that are compared with their corresponding baseline forecasts, incorporating the effects of QE on government bond spreads. Despite the failure of stimulating economic activities as a whole, the simulation results suggest that the unconventional monetary policies have a positive influence on industrial production in the US, UK and Japan. The authors’ analysis finds that QE contributes to the reduction in unemployment in the US and Japan, and a rise in inflation-expectations in the US, UK and Euro zone. However, evidence on QE’s ef | | 出版日期 | Book 2013 | | 关键词 | Central bank; game tree structure; global economic crisis; interest rates; market response; quantitative | | 版次 | 1 | | doi | https://doi.org/10.1007/978-1-4614-9646-5 | | isbn_softcover | 978-1-4614-9645-8 | | isbn_ebook | 978-1-4614-9646-5Series ISSN 2191-5504 Series E-ISSN 2191-5512 | | issn_series | 2191-5504 | | copyright | The Author(s) 2013 |
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发表于 2025-3-21 17:38:47
