EconPapers    
Economics at your fingertips  
 

Fifty shades of QE: Conflicts of interest in economic research

Brian Fabo, Martina Jančoková, Elisabeth Kempf and Lubos Pastor ()

No 147, IMFS Working Paper Series from Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS)

Abstract: Central banks sometimes evaluate their own policies. To assess the inherent conflict of interest, we compare the research findings of central bank researchers and academic economists regarding the macroeconomic effects of quantitative easing (QE). We find that central bank papers report larger effects of QE on output and inflation. Central bankers are also more likely to report significant effects of QE on output and to use more positive language in the abstract. Central bankers who report larger QE effects on output experience more favorable career outcomes. A survey of central banks reveals substantial involvement of bank management in research production.

JEL-codes: A11 E52 E58 G28 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-mac, nep-mon and nep-sog
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/228631/1/1744661936.pdf (application/pdf)

Related works:
Working Paper: Fifty Shades of QE: Conflicts of Interest in Economic Research (2020) Downloads
Working Paper: Fifty Shades of QE: Conflicts of Interest in Economic Research (2020) Downloads
Working Paper: Fifty Shades of QE: Conflicts of Interest in Economic Research (2020) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:imfswp:147

Access Statistics for this paper

More papers in IMFS Working Paper Series from Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2021-10-06
Handle: RePEc:zbw:imfswp:147