Qe 1 vs. 2 vs. 3... A framework for analyzing large-scale asset purchases as a monetary policy tool

Keyphrases

• Banking 16%
• Central Bank 33%
• Federal Reserve 16%
• Financial Intermediation 16%
• Friction 16%
• Government Bonds 50%
• Government Securities 16%
• Large-scale Asset Purchases 100%
• Limits-to-arbitrage 33%
• Macroeconomic Models 16%
• Monetary Policy Tools 100%
• Private Risk 33%
• Private Security 16%
• Quantitative Easing 16%
• Zero Lower Bound 16%

Economics, Econometrics and Finance

• Arbitrage 66%
• Central Bank 66%
• Government Securities 33%
• Low-Interest-Rate Policy 33%
• Macroeconomic Model 33%
• Monetary Policy 100%
• Private Sector 33%
• Public Bond 100%