Unconventional government debt purchases as a supplement to conventional monetary policy

DOI10.1016/J.JEDC.2014.03.012zbMath1402.91442OpenAlexW3121540942MaRDI QIDQ1994562

Martin Ellison, Andreas Tischbirek

Publication date: 1 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://helda.helsinki.fi/bof/bitstream/handle/123456789/7902/171525.pdf?sequence=1

zbMATH Keywords

optimal monetary policyquantitative easinglarge-scale asset purchasespreferred habitat

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items (3)

Large-scale bond purchases in a currency union with segmentation in the market for government debt ⋮ The role of financial intermediaries in monetary policy transmission ⋮ The macroeconomic effects of quantitative easing in the euro area: evidence from an estimated DSGE model

Cites Work

• Consumer preferences and demand systems

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