Transmission Channels for QE and Effects on Interest Rates

Kjell Hausken and Mthuli Ncube ()

Chapter Chapter 2 in Quantitative Easing and Its Impact in the US, Japan, the UK and Europe, 2013, pp 5-6 from Springer

Abstract: Abstract Recent literature on unconventional monetary policy has identified a number of potential channels through which QE can potentially have an impact on interest rates, which in turn may change the willingness of companies to invest and employ, individuals to spend, and banks to lend (see, for example, Joyce et al. 2011a, b; Krishnamurthy and Vissing-Jorgensen 2011). These changes are then expected to influence the level of inflation and economic growth.

Keywords: Interest Rate; Central Bank; Asset Price; Bank Lending; Term Premium (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-1-4614-9646-5_2

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DOI: 10.1007/978-1-4614-9646-5_2

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