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- Title
The Efficacy of Large-Scale Asset Purchases at the Zero Lower Bound.
- Authors
Taeyoung Doh
- Abstract
The article focuses on the effectiveness of large-scale asset purchases in lowering down long-term interest rates in the U.S. It mentions the use of a preferred-habitat model which considers the zero bound for nominal interest rates. It examines the economic theories of the term structure of interest rates and describes the outcomes of supply shifts on bond yields. It mentions the effort of the Federal Reserve and the Federal Open Market Committee (FOMC) to prevent the economy from collapsing.
- Subjects
UNITED States; FEDERAL funds market (U.S.); INTEREST rates; BOND market; UNITED States. Federal Open Market Committee; BOARD of Governors of the Federal Reserve System (U.S.)
- Publication
Economic Review (01612387), 2010, Vol 95, Issue 2, p5
- ISSN
0161-2387
- Publication type
Article