Boneva, Lena; Cloyne, James; Weale, Martin; Wieladek, Tomasz - 2016
This paper investigates the effect of quantitative easing (QE) and other unconventional monetary policies on inflation … approach of combining microeconometric data with macroeconomic shocks: QE is exogenous to inflation expectations of individual … firms, and so are other macroeconomic developments like aggregate inflation or GDP growth. We find that firms' inflation …