Search Results - subject:"yield curve control"

History of Bank of Japan's more than two decades of unconventional monetary easing with special emphasis on the frameworks pursued in the last 10 years

Kowalewski, Pawel; Shirai, Sayuri - 2023

Low inflation hit the Japanese economy shortly after the burst of the bubble in stocks and real estate in 1991 and has haunted the domestic economy ever since. The bubbles were partly attributable to prolonged monetary easing in the second half of 1980s, which was conducted to increase domestic...

Persistent link: https://www.econbiz.de/10014290883

The narrow channel of quantitative easing: Evidence from YCC down under

Lucca, David O.; Wright, Jonathan H. - 2022

We study the recent Australian experience with yield curve control (YCC) of government bonds as perhaps the best …

Persistent link: https://www.econbiz.de/10013432943

A Note on Modelling Yield Curve Control : A Target-Zone Approach

Hui, Cho H.; Wong, Andrew; Lo, Chi-Fai - 2022

under yield curve control. The bond yield is assumed to be quasi-bounded in a band, but can breach a cap under a restricted … describe the yield dynamics under yield curve control. Co-integration results show spill-over effects from US Treasury yields …

Persistent link: https://www.econbiz.de/10013492071