Quantitative Easing and Its Impact in the US, Japan, the UK and Europe

• Main Authors: Hausken, Kjell. (Author), Ncube, Mthuli. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: New York, NY : Springer New York : Imprint: Springer, 2013.
• Series: SpringerBriefs in Economics,
• Subjects: Macroeconomics.; Economic policy.; Economic growth.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Growth.; Economic Policy.
• Online Access: View fulltext via EzAccess

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 purcha...

Table of Contents:

• 1 Introduction.- 2 Transmission Channels for Quantitative Easing and Effects on Interest Rates
• 3 The Central Bank Loss Function and Quantitative Easing as a Stackelberg Game
• 4 The Effect of Quantitative Easing on Interest Rates
• 5 Broader Economic Effects on Quantitative Easing
• 6 Conclusion.