Weale, Martin; Wieladek, Tomasz - 2014
We examine the impact of large-scale asset purchases of government bonds on real GDP and the CPI in the United Kingdom … GDP and a .38% (.3%) rise in CPI for the United States (United Kingdom). In the United States, this policy lowers yields … on long-term government bonds and the real exchange rate. In the United Kingdom, on other hand, interest rate futures and …