asset purchases

Publication date: 20 Mar 2018 | Publication type: NIESR Discussion Paper | Theme: Macroeconomics | Authors: Moessner, R | JEL classification: E58, G15 | NIESR discussion paper number: 489
We study the effects of the announcements of ECB asset purchases and of financial stability measures in the euro area in the wake of the global financial crisis and the euro area sovereign debt crisis on ten-year government bond term premia in eleven euro area countries. We find that the term...
Publication date: 4 Nov 2015 | Publication type: National Institute Economic Review | Authors: Warren, J, Meaning, J | JEL classification: E520, E580, E630 | Journal: National Institute Economic Review Issue 234 | Publisher: Sage Publications, London
Through its quantitative easing programme the Bank of England has looked to manage the supply of nominal UK government securities in order to lower interest rates. In doing so it has removed more than 25 per cent of the overall supply of those securities from the publicly accessible market. The...