Evaluating the impact of unconventional monetary policy measures: Empirical evidence from the ECB׳s Securities Markets Programme

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The Euro Interbank Repo Market (2016, background): “We also contribute to the literature about (unconventional) central bank policy (e.g., Freixas, Martin, and Skeie, 2011; Giannone et al., 2012; Drechsel et al., 2015; Eser and Schwaab, 2015) by highlighting the effect of central bank policy on repo market activity.”
Necessity As the Mother of Invention: Monetary Policy after the Crisis (2017, methodology): “For instance, Gagnon et al. (2011) conclude that U.S. longer-term rates dropped by up to 150 basis points around QE1 announcements, while Joyce et al. (2011) conclude that announcements of gilt purchases by the Bank of England in 2009 and 2010 reduced U.”
A Tale of Two Decades: The Ecb's Monetary Policy at 20 (2019, background): “160 Eser and Schwaab (2016) document a five-year yield decrease of 773 (Greec), 139 (Ireland) and 226 (Portugal) bps upon the first SMP announcement and of 97 (Spain) and 93 (Italy) bps on the second announcement, whereas German Bund yields remained broadly unchanged. 161 For instance, Eser and Schw”