Search Results - subject_exact:"Quantitative Lockerung"

The usage of security lending facilities under unconventional monetary policy : evidence from Sweden

Blix Grimaldi, Marianna; Schneider, Fabienne; Vestin, David - 2026 - Last updated: March 6, 2026

This paper examines the interaction between quantitative easing (QE) and the securities lending facility (SLF) using a detailed dataset on Riksbank QE purchases, Swedish DMO SLF transactions and OTC repo deals. A theoretical model further shows how excess demand for assets and search frictions...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612289

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The usage of security lending facilities under unconventional monetary policy : evidence from Sweden

Blix Grimaldi, Marianna; Schneider, Fabienne; Vestin, David - 2026

Book / Working Paper

Open-ended treasury purchases : from market functioning to financial easing

D'Amico, Stefania; Gillet, Max; Schulhofer-Wohl, Sam; … - 2026

We assess whether the Fed's asset purchases can be tailored to either restore market functioning or provide economic stimulus. When the communicated goal is restoring market functioning and purchases' implementation is flexible, flow effects are significant: relative price deviations narrow....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614721

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Open-ended treasury purchases : from market functioning to financial easing

D'Amico, Stefania; Gillet, Max; Schulhofer-Wohl, Sam; … - 2024

Book / Working Paper

The spillovers of LSAPs on banks in the euro area

Graziano, Marco; Koechlin, Marius; Tischbirek, Andreas - 2026

We study the spillovers of large-scale asset purchases (LSAPs) in the U.S. on financial intermediation in the euro area using bank-level supervisory data and high-frequency identified policy surprises. Our detailed panel data permit us to trace the impact of LSAPs through bank balance sheets. We...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015592007

Renewable energy sector and energy transition in G-10 countries : Role of price, quantity and outcome based monetary policy

Anser, Muhammad Khalid; Hassan, Dua; Tufail, Saira; … - 2026

The global transition toward renewable energy is vital for achieving climate goals and strengthening energy security. The primary objective of the study is to examine the impact of different stances of monetary policy, namely price-based, quantity-based, and outcome-based monetary policy, on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604113

Payment needs and the size of the Federal Reserve's balance sheet

Reis, Ricardo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626901

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Payment needs and the size of the federal reserve's balance sheet

Reis, Ricardo - 2026

Book / Working Paper

The real estate channel of unconventional monetary policy

Honda, Tomohito; Shimizu, Chihiro; Uesugi, Iichiro - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641478

Inflation expectations in Japan during unconventional monetary policy and pandemic periods

Dürmeier, Stefan; Kočenda, Evžen - 2026

The COVID-19 pandemic ended a long period of subdued inflation in Japan and renewed attention to the role of expectations in the transmission of monetary policy. This paper analyzes how Japanese households formed inflation expectations between 2006 and 2022, focusing on periods of unconventional...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641831

A user's guide to reducing the Federal Reserve's balance sheet

Anderson, Alyssa G.; Barbarino, Alessandro; Diercks, … - 2026 - Preliminary draft

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015653111

Central bank reserves and banks' portfolio rebalancing in the euro area

Lampousis, Athanasios; Migiakis, Petros - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015665282

Conventional vs. unconventional monetary policy under credit regulation

Kumar, Ankit; Rao, Rahul; Subramanian, Chetan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617304

Short-run and long-run consequences of unconventional monetary policy in Japan

Fukuda, Shin'ichi - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015202488

The ECB's APP's impact on non-financial firms' cost of borrowing and debt choice

Kanda, Joana F.; Pinto, João M.; Silva, Beatriz P. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015324017

The inflationary effects of quantitative easing

Klein, Mathias; Zhang, Xin - 2025

We provide new evidence on the inflationary effects of Quantitative Easing (QE) using Swedish administrative data at the bank, firm, and product level. For identification, we rely on bank-firm lending relationships and the heterogeneous participation rates of banks in the government bond...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015324110

Quantitative easing and the functioning of the gilt repo market

Fatouh, Mahmoud; Giansante, Simone; Ongena, Steven - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015324489

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Quantitative easing and the functioning of the gilt repo market

Fatouh, Mahmoud; Giansante, Simone; Ongena, Steven - 2024

Book / Working Paper

Unconventional monetary policies in small open economies

Kolasa, Marcin; Laséen, Stefan; Lindé, Jesper - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015416611

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Unconventional monetary policies in small open economies

Kolasa, Marcin; Laséen, Stefan; Lindé, Jesper - 2025

Book / Working Paper

Quantitative easing, banks' funding costs, and credit line prices

Cerrato, Mario; Mei, Shengfeng - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015337859

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Quantitative easing, banks' funding costs and credit line prices

Cerrato, Mario; Mei, Shengfeng - 2024

Book / Working Paper

TLTRO III and banks' loan book rebalancing during the pandemic : less "targeted" than intended forsome?

Corte Coi, Claudio; Dadoukis, Aristeidis; Hempell, Hannah S. - 2025

Targeted longer-term refinancing operations (TLTROs) helped supporting bank lending to firms and to households in the course of the COVID-19 pandemic. The use of TLTRO funding for mortgage loans to households had explicitly not been included into the targeted loan categories of these schemes,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015339713

Quantitative easing and preferred habitat investors in the euro area bond market

Boermans, Martijn; Carrera de Souza, Tomás; Vermeulen, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190355

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Quantitative easing and preferred habitat investors in the euro area bond market

Boermans, Martijn; Vermeulen, Robert - 2018

Book / Working Paper

Monetary policy, property prices and rents : evidence from local housing markets

Groiss, Martin; Syrichas, Nicolas - 2025

How do different monetary policy tools influence residential housing markets, and how do these effects vary between owner-occupied and rental segments? To answer this question, we assemble a new monthly regional dataset from 35 million real estate listings over the period 2007- 2023 and exploit...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015178380

When banks hold back : credit and liquidity provision

Altavilla, Carlo; Rostagno, Massimo; Schumacher, Julian - 2025

Banks are reluctant to tap central bank backup liquidity facilities and use the borrowed funds for loans to the real economy. We show that excessively parsimonious borrowing and lending can arise in a stigma-free model where the banking sector has an incentive to overissue deposits. Banks don't...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015179817

Measuring the spillovers of US unconventional surprises across monetary conditions with local projections

Chantaraboontha, Arisa - 2025

This paper examines the responses of foreign exchange rates to the Federal Reserve's large-scale asset purchases (LSAPs) and forward guidance (FWG) from 2009 to 2022 using local projections. I confirm heterogeneous responses of examined foreign exchange rates to unconventional shocks, varying by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015329892

Monetary expansionism, global commodity prices, and global inequality

Kim, Jongchul - 2025

An early analysis of the imperialist implications of the surge of global commodity prices was conducted in 2014 by Jonathan Nitzan and Shimshon Bichler. However, their analysis did not consider how the US monetary and fiscal expansionist policies have contributed to the rise of global commodity...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015393665

The interest rate effects of government debt maturity : solving the bond conundrum

Chadha, Jagjit; Turner, Philip; Zampolli, Fabrizio - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015468200

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The interest rate effects of government debt maturity : solving the bond conundrum

Chadha, Jagjit; Turner, Philip; Zampolli, Fabrizio - 2025

Book / Working Paper

Integrating balance sheet policy into monetary policy conditions

Mojon, Benoît; Phurichai Rungcharoenkitkul; Xia, Fan Dora - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448708

How do quantitative easing and tightening affect firms?

Eren, Egemen; Gorea, Denis; Zhai, Daojing - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448722

Fiscal consequences of central bank losses

Cecchetti, Stephen G.; Hilscher, Jens - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015449025

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Fiscal consequences of central bank losses

Cecchetti, Stephen G.; Hilscher, Jens - 2024

Book / Working Paper

New perspectives on quantitative easing and central bank capital policies

Adrian, Tobias; Erceg, Christopher J.; Kolasa, Marcin; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015449037

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New Perspectives on Quantitative Easing and Central Bank Capital Policies

Adrian, Tobias - 2024

Book / Working Paper

How much capital do central banks really have?

Honohan, Patrick - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450753

Unconventional monetary policy spillovers and the (in)convenience of treasuries

Stedman, Karlye Dilts; Hanson, Andrew - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451392

The house price channel of quantitative easing

Seidl, Hannah Magdalena - 2025

I study the transmission mechanism of Quantitative Easing (QE) in the form of large-scale asset purchases in the mortgage market to aggregate consumption. To this end, I develop a New Keynesian model that features heterogeneous households, a microfounded housing market, and frictional...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451846

QE, bank liquidity risk management, and non-bank funding : evidence from U.S. administrative data

Darst, R. Matthew; Kokas, Sotirios; Kontonikas, Alexandros - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015406780

Fiscal-monetary policy mix : challenges facing the EU

Gnan, Ernest; Holzmann, Robert - 2025

Starting from the Tinbergen principle and four areas of economic policy, we argue that in practice economic policies each have multiple effects, rendering a clear and simple allocation of objectives and instruments to different policies and their responsible institutions complex. First, the case...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410549

On the weak impact of base money on broad money in the context of unconventional monetary policy : Euro Area 2008-2024

Pateiro-Rodríguez, Carlos; Martín-Bermúdez, Federico; … - 2025

In its response to the economic and financial crises of 2008, the sovereign debt and euro crisis of 2010-2015, and the COVID-19 pandemic of 2020-2023, the European Central Bank (ECB) implemented an unconventional monetary policy aimed at providing liquidity for more than a decade, through a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410871

Enacting efficient markets : the performativity of quantitative easing

Cassar, Dylan - 2025

Quantitative easing (QE) has been a favourite tool of central banks in their post-financial crisis monetary policy apparatus. Social science literature has interpreted QE as a shift away from performative governance characterising pre-crisis monetary policy. With reference to the Bank of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015413111

The local supply effect of asset purchases : evidence from the Eurosystem’s CSPP

Haes, Casper de; Hudepohl, Tom; Kakes, Jan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015413402

Assessing the impact of corporate bond purchase programs : insights from Israel

Michelson, Noam - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015434768

The fiscal cost of quantitative easing

Avernas, Adrien d'; Hubert de Fraisse, Antoine; Ning, Liming - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436439

An asset-liability management approach to the Federal Reserve balance sheet

De Vere, Hugo; Ramaswamy, Srini; Schulhofer-Wohl, Sam - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437442

The impact of the Public Sector Purchase Programme on lending to SMEs

Skovorodov, Vlad; Silva, Rui - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015438317

Bank profitability in times of quantitative easing : the role of Central Bank transparency

Koukouridis, Athanasios - 2025

To stabilize economies, central banks implemented unconventional monetary policies like quantitative easing following the global financial crisis. Although much research has been done on how quantitative easing affects financial markets, the influence of central bank transparency on bank...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439376

Assessing the impact of unconventional monetary policy on long-term interest rates in the euro area with the use of a macro-finance model

Brissimis, Sophocles N.; Georgiou, Evangelia A. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015459246

What is the impact of a major unconventional monetary policy intervention?

Alcaraz, Carlo; Claessens, Stijn; Cuadra, Gabriel; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015460582

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What is the Impact of a Major Unconventional Monetary Policy Intervention?

Alcaraz, Carlo; Claessens, Stijn; Cuadra, Gabriel; … - 2022

Book / Working Paper

Central bank liquidity reallocation and bank lending : evidence from the tiering system

Altavilla, Carlo; Boucinha, Miguel; Burlon, Lorenzo; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015567685

Breaking the bank? : the case for and against central bank losses

Caddick, Dominic - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015492268

Macroeconomic and Fiscal Consequences of Quantitative Easing

Adrian, Tobias - 2025

Quantitative easing (QE) has been criticized for helping fuel the post-COVID inflation boom and causing large central bank losses. In this paper, we argue that QE should be evaluated mainly on its ability to achieve core macro-objectives as well for its effects on the consolidated fiscal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613174