This paper combines a time-varying spillover index based on a time-varying vector auto-regressive (TVP-VAR) model with quantile regression to investigate the mechanism of extreme risk contagion among oil, green bonds and new energy vehicles under different market conditions. The empirical...

This paper explores the economic impacts of the Bank of England's quantitative easing policy, implemented as a response to the global financial crisis. Using an open economy Dynamic Stochastic General Equilibrium (DSGE) model, we demonstrate that monetary policy can remain effective even when...