Scarce collateral, the term premium, and quantitative easing

DOI10.1016/j.jet.2015.07.010zbMath1369.91138OpenAlexW1515525438MaRDI QIDQ282153

Stephen D. Williamson

Publication date: 12 May 2016

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://research.stlouisfed.org/wp/2014/2014-008.pdf

zbMATH Keywords

collateralmonetary policyquantitative easingterm premium

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (10)

Collateral misrepresentation, external auditing, and optimal supervisory policy ⋮ On the optimal quantity of liquid bonds ⋮ Can the fiscal authority constrain the central bank? ⋮ Central bank digital currency and flight to safety ⋮ Frictional asset markets and the liquidity channel of monetary policy ⋮ Savings, asset scarcity, and monetary policy ⋮ INSIDE MONEY, INVESTMENT, AND UNCONVENTIONAL MONETARY POLICY ⋮ Stablecoins: legal restrictions theory and monetary policy ⋮ Incomplete credit markets and monetary policy ⋮ Asset prices and standing facilities in a monetary economy

Cites Work

• Liquidity and interest rates
• Money and credit with limited commitment and theft
• Money, credit and banking
• Bank Runs, Deposit Insurance, and Liquidity
• Financial Intermediation and Delegated Monitoring

This page was built for publication: Scarce collateral, the term premium, and quantitative easing