How 'Unconventional' are Large-Scale Asset Purchases? The Impact of Monetary Policy on Asset Prices
By Carlo Rosa. 2012
113 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/6fdbcae874b5eeba3d2d1ffd5b031903673e1d59
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Jakob de Haan
- Deren Unalmis
- R. Haitsma
- Aman Saggu
- Alexandros Kontonikas
- Ronald R. MacDonald
- John C. Anyanwu
- Axel Dreher
In Finance
Citations in the corpus
- The impact of the ECB's conventional and unconventional monetary policies on stock markets (2016, background): “Some studies use survey data from professional forecasters (e.g. Ehrmann and Fratzscher (2004) for the US and Joyce et al. (2011) for the UK), while Rosa (2012) measures expectations based on newspaper articles judging whether actual Fed and Bank of England QE policy measures were more expansionary…”
- High Frequency Identification of Monetary Non-Neutrality: The Information Effect (2018, unknown): “…to study the effects of unconventional monetary policy during the recent period over which short-term nominal interest rates have been at their zero lower bound (Gagnon et al. 2010; Krishnamurthy and Vissing-Jørgensen 2011; Rosa 2012; Wright 2012; Gilchrist, Lopez-Salido, and Zakrajsek 2015).”
- Stock Market Reaction to Fed Funds Rate Surprises: State Dependence and the Financial Crisis (2013, methodology): “3 Rosa (2012) identifies the surprise component of asset purchases by the Fed using a methodology based upon interpreting the wording of related articles in the Financial Times.”
- The Signaling Channel for Federal Reserve Bond Purchases (2013, unknown): “On the issue of the surprise component of monetary policy announcements during the recent LSAP, period see Wright (2011) and Rosa (2012). (13)On this connection, see Rudebusch, Sack, and Swanson (2007).”
- International channels of the Fed’s unconventional monetary policy (2013, unknown): “11The events we consider were also studied by Gagnon et al. (2011), Neely (2013), Bauer and Rudebusch (2013b), Krishnamurthy and Vissing-Jorgensen (2011), Glick and Leduc (2012), and Rosa (2012).”
- The large scale asset purchases had large international effects (2010, unknown): “The evidence of a strong LSAP effect on exchange rates is consistent with evidence in Rosa (2012) who studied the effect of original, narrative measures of conventional and unconventional monetary policy shocks with a long sample, 1999-2011, and high frequency data.”