Assessing the Economy-Wide Effects of Quantitative Easing

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Uncovering the heterogeneous effects of ECB unconventional monetary policies across euro area countries (2016, background): “Giannone et al. (2011) and Gambacorta et al. (2014) show that recent UMP measures have positive and significant effects on output of the eurozone.1 Boeckx et al. (2014) also show that most of the euro area countries benefit from UMP measures, and docu1Several papers have alternatively analyzed the e”
The Impact of Monetary Policy on Inequality in the UK. An Empirical Analysis (2017, methodology): “As the approach of Kapetanios et al. (2012) involves out of sample forecasts from a simple VAR model, uncertainty about these projections is typically high.”
Quantitative Easing and Unconventional Monetary Policy – an Introduction (2012, background): “For the UK, Kapetanios et al. (2012) examine the impact of the Bank of England’s QE asset purchases on GDP and inﬂation in the UK.”
Unconventional monetary policy and the spillovers to emerging markets (2016, background): “[24] Kapetanios, G.”