The macroeconomic effects of quantitative easing in the euro area: evidence from an estimated DSGE model

DOI10.1016/J.JEDC.2019.103756zbMath1425.91322OpenAlexW2606317245MaRDI QIDQ2338550

Stefan Hohberger, Romanos Priftis, Lukas Vogel

Publication date: 21 November 2019

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

Full work available at URL: https://www.bankofcanada.ca/wp-content/uploads/2018/03/swp2018-11.pdf

zbMATH Keywords

Bayesian estimationquantitative easingportfolio rebalancingzero lower boundopen-economy DSGE model

Mathematics Subject Classification ID

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

Related Items (4)

Unconventional monetary policy in a small open economy ⋮ Asset purchases, limited asset markets participation and inequality ⋮ Using Lasso-family models to estimate the impact of monetary policy on corporate investments ⋮ The macroeconomic effects of quantitative easing in the euro area: evidence from an estimated DSGE model

Uses Software

• OccBin

Cites Work

• Slice sampling. (With discussions and rejoinder)
• Unconventional government debt purchases as a supplement to conventional monetary policy
• The macroeconomic effects of quantitative easing in the euro area: evidence from an estimated DSGE model
• A Preferred‐Habitat Model of the Term Structure of Interest Rates

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