The Efficacy of Large-Scale Asset Purchases When the Short-Term Interest Rate Is at Its Effective Lower Bound

James D. Hamilton
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James D. Hamilton: University of California, San Diego

Brookings Papers on Economic Activity, 2018, vol. 49, issue 2 (Fall), 543-554

Keywords: monetary policy; ELB; effective lower bound; Federal Reserve; securities; market reaction; interest rates; central banks; LSAP (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (17)

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