Inspecting the Mechanism of Quantitative Easing in the Euro Area
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Using security-level holdings for all euro-area investors, we study portfolio rebalancing during the quantitative easing program from March 2015 to December 2017. Foreign investors outside the euro area accommodated most of the Eurosystems purchases. Duration, government credit, and corporate credit
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美国国家经济研究局创建时间：
2019-08-01
