کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5101286 | 1479220 | 2017 | 62 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Effectiveness of QE: An assessment of event-study evidence
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Event-studies are widely used to investigate the effectiveness of quantitative easing (QE) and the announcement effects found in this literature are widely cited as evidence that QE significantly reduced long-term yields. However, these announcement effects can be considered evidence of the effectiveness of QE in reducing long-term yields only if the announcement effects are due solely to QE news and are statistically significantly. This paper contributes to the literature by investigating whether announcement effects reported in the QE event-study literature meet this evidentiary standard.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Macroeconomics - Volume 52, June 2017, Pages 56-74
Journal: Journal of Macroeconomics - Volume 52, June 2017, Pages 56-74
نویسندگان
Daniel L. Thornton,