Effects of the Quantitative Easing Policy: A Survey of Empirical Analyses

By H. Ugai. 2007

270 citations recorded by the source corpus.

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Citations in the corpus

The Financial Market Impact of Quantitative Easing in the United Kingdom (2012, methodology): “2The terminology was first used to describe the Bank of Japan’s policy during 2001 to 2006 (see, e.g., Ugai 2007 and Shiratsuka 2009).”
The effectiveness of unconventional monetary policy at the zero lower bound : a cross-country analysis (2014, background): “…are a number of papers exploring the effectiveness of the Bank of Japan’s quantitative easing at the zero lower bound between 2001 and 2006 (e.g., Ugai 2007, Schenkelberg and Watzka 2011), but it is not clear whether the experience of the Bank of Japan during that period can be generalized to a…”
The Financial Market Impact of UK Quantitative Easing (2012, background): “In a survey of empirical evidence in the Japanese case, Ugai (2007) found mixed evidence.”
The Impact of the Eurosystem's Covered Bond Purchase Programme on the Primary and Secondary Markets (2011, background): “Other previous literature describing signalling and portfolio 6 balancing impacts of asset purchases include Clouse et al. (2003), Bernanke, Reinhart and Sack (2004), Ugai (2006), and Borio and Disyatat (2009).”
Real Effects of Quantitative Easing at the Zero-Lower Bound: Structural VAR-Based Evidence from Japan (2011, methodology): “See the authorative survey by Ugai (2007) for more details.”
Unconventional Monetary Policies: An Appraisal (2009, unknown): “5 For formal theoretical treatments consistent with this analysis, see Whitesell (2006), Bindseil (2004), and Woodford (2000).”
Unconventional monetary policies: a re-appraisal (2018, background): “Not surprisingly, the Bank of Japan had already experimented with various forms of forward guidance around the time it had pushed its policy rate to zero in 1999, well before the Great Financial Crisis (eg Ugai (2007)).”
Implementation of Monetary Policy: How Do Central Banks Set Interest Rates? (2010, background): “In his comprehensive summary of the evidence, Ugai (2008) characterized the evidence as mixed, with the majority of studies reporting effects that were either statistically insignificant or quantitatively small.96 None of the studies cited found a statistically significant response of long-term…”
The Central-Bank Balance Sheet as an Instrument of Monetary Policy (2011, unknown): “…policy, and find little effect on bond yields of the increase in the supply of reserves itself (Okina and Shiratsuka, 2004; Oda and Ueda, 2007; Ugai, 2007; Ueda, 2009).30 Of course, it is perfectly consistent with our model that signals about future interest-rate policy can be an effective…”
The Financial Market Impact of Quantitative Easing (2010, background): “See, for example, Clouse et al (2003), Bernanke, Reinhart and Sack (2004), Ugai (2006) and Borio and Disyatat (2009).”
Assessing the Economy-Wide Effects of Quantitative Easing (2012, unknown): “2A comprehensive review of the financial and macroeconomic effects of QE in Japan is provided by Ugai (2007).”
The Financial Market Effects of the Federal Reserve's Large-Scale Asset Purchases * (2012, background): “Ugai (2007) reports that studies of the portfolio balance effect of JGB purchases under the QEP find either small or insignificant effects on longer-term interest rates, including on corporate bonds.”