The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy
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We evaluate the effect of the Federal Reserve's purchase of long-term Treasuries and other long-term bonds ("QE1" in 2008-2009 and "QE2" in 2010-2011) on interest rates. Using an event-study methodology we reach two main conclusions. First, it is inappropriate to focus only on Treasury rates as a
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美国国家经济研究局创建时间:
2011-10-01



