In this paper, we empirically examine the portfolio-rebalancing effects stemming from the policy of "quantitative …. Portfolio-rebalancing effects resulting from the open market purchase of long-term government bonds under this policy have been … statistically significant. Our results also show that the portfolio-rebalancing effects were beneficial in that they reduced risk …

Abstract In this paper, we empirically examine the portfolio-rebalancing effects stemming from the policy of … zero. Portfolio-rebalancing effects resulting from the open market purchase of long-term government bonds under this policy … have been statistically significant. Our results also show that the portfolio-rebalancing effects were beneficial in that …