The Effects of Quantitative Easing: Taking a Cue from Treasury Auctions
收藏NBER2017-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24122
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资源简介：
To understand the effects of large-scale asset purchase programs recently implemented by central banks, we study how markets absorb large demand shocks for risk-free debt. Using high-frequency identification, we exploit the structure of the primary market for U.S. Treasuries to isolate demand shocks
提供机构：
美国国家经济研究局
创建时间：
2017-12-01
