Kobayashi, Takeshi; Spiegel, Mark; Yamori, Nobuyoshi - Federal Reserve Bank of San Francisco - 2006
conditions are achieved.
Second, quantitative easing can alter the composition of the central bank balance
sheet [e.g. Bernanke …, quantitative easing can expand the supply of reserves and the money stock
[e.g. Bernanke and Reinhart (2004)]. If money is an … United States in an effort to flatten the yield curve. However,
as Bernanke, et al (2004) point out, the operation was …