QE 1 vs. 2 vs. 3. . . : A Framework for Analyzing Large-Scale Asset Purchases as a Monetary Policy Tool

By M. Gertler, P. Karadi. 2013

394 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a9056036dff831bedb4e614822cea000703cafaa

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Citations in the corpus

Asset Purchase Programmes and Financial Markets: Lessons from the Euro Area (2015, background): “…and loss-given-default) and reducing investors’ risk-aversion, in anticipation to better macroeconomic conditions credit premia for both targeted and 15Albeit building on different set-ups, models à la Gertler and Karadi (2013) provide a formalisation of some of the mechanisms described here.”
Monetary Policy Surprises, Credit Costs, and Economic Activity † (2014, background): “One example of this approach, is Gertler and Karadi (2013) who extend a conven- 15Including a zero restriction on the contemporaneous output response enhances the decline. tional sticky price monetary DSGE model to allow for limited participation in financial markets and limits to arbitrage.”
Monetary Policy and Bank Profitability in a Low Interest Rate Environment (2018, unknown): “…bank capital and reducing non-performing loans and loan loss provisioning (Bernanke and Gertler, 1995; Diamond and Rajan, 2006; Freixas and Jorge, 2008; Gertler and Karadi, 2011, 2013; Kiyotaki and Moore, 2012; Freixas, Martin and Skeie, 2011; Allen, Carletti and Gale, 2009 and 2014; Praet, 2016).”
Behavioral & Experimental Macroeconomics and Policy Analysis: A Complex Systems Approach (2018, background): “…critique above, since the crisis DSGE macromodels have been adapted and extended by including financial frictions within the NK framework, e.g. in Curdia and Woodford (2009, 2010), Gertler and Karadi (2011, 2013), Christiano, Motto, and Rostagno (2010) and Gilchrist, Ortiz, and Zakrajsek (2009).”
Monetary Policy, Financial Conditions, and Financial Stability (2014, background): “In addition, others have shown that easing of monetary policy tends to reduce credit risk premiums on corporate bonds (Gertler and Karadi 2013; Greenwood and Hanson 2013; Gilchrist, López-Salido, and Zakraǰsek 2015).”
Capital Flows and Foreign Exchange Intervention (2019, unknown): “Hau et al. (2010), in the context of a natural experiment, provide direct evidence that exogenous capital flows affect the exchange rate.”