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- Title
Quantitative Easing and Unconventional Monetary Policy - an Introduction*.
- Authors
Joyce, Michael; Miles, David; Scott, Andrew; Vayanos, Dimitri
- Abstract
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.
- Subjects
GLOBAL Financial Crisis, 2008-2009; QUANTITATIVE easing (Monetary policy); CENTRAL banking industry
- Publication
Economic Journal, 2012, Vol 122, Issue 564, pF271
- ISSN
0013-0133
- Publication type
Article
- DOI
10.1111/j.1468-0297.2012.02551.x