Explore unconventional monetary policy, including quantitative easing, and learn how these strategies can stimulate economic ...

This paper evaluates the popular view that quantitative easing exerts greater international spillovers than conventional monetary policies. To distinguish the effects of these policies, we use a term ...

The Fed's powers are being eroded at a quick pace, and fiscal quantitative easing is beginning to take the place of monetary ...

Understand how central banks monetize government debt by trading interest-bearing securities for cash, impacting inflation ...

This paper investigates the impact of monetary policy on capital misallocation, focusing on its heterogeneous effects on firms. Using Spanish firm-level data spanning 1999 to 2019, we demonstrate that ...

In the complex panorama of global financial governance, the Federal Reserve (Fed) and the European Central Bank (ECB) stand as pivotal entities steering the economic fate of their respective ...

The Federal Reserve, or the Fed, is the largest and most important financial institution in the world. As the central bank of the United States, the Fed conducts Monetary Policy to promote stable ...

Since 2009, the Federal Reserve has managed monetary policy by controlling the quantity of securities it buys outright. The Fed implemented three rounds of quantitative easing, significantly ...

Last month, the Bank of Japan (BOJ) took its first step in the ‘normalisation’ of monetary policy. It raised the Bank’s short-term policy interest rate from negative 0.1 per cent to 0–0.1 per cent and ...

With the COVID-19 crisis showing no signs of abating in the United States, central banks around the world have deployed financial airbags in the form of quantitative easing, and they plan to do a lot ...

Valentina Bonifacio, Luis Brandão-Marques, Balazs Csonto, Chiara Fratto, Philipp Engler, Davide Furceri, Deniz O Igan, Rui Mano, Machiko Narita, Murad Omoev, Gurnain Kaur Pasricha, and Hélène Poirson.