Effects of Unconventional Monetary Policy on Financial Institutions

By Gabriel Chodorow-reich. 2014

220 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/d70ba054d4a6d3e426583cd347af90fd9948752a

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Citations in the corpus

The Hunt for Duration: Not Waving but Drowning? (2017, background): “Chodorow-Reich (2014) finds a positive impact of monetary easing on equity values of life insurers in the US, suggesting that this was due to the positive impact on life insurers’ legacy assets which were largely held in MBS.”
The Unintended Consequences of the Zero Lower Bound Policy (2016, unknown): “Also related is a study by Chodorow-Reich (2014) who considers high-frequency event studies to analyze the effects of the unconventional monetary policy on banks and life insurance companies.”
The Impact of Unconventional Monetary Policy on Firm Financing Constraints: Evidence from the Maturity Extension Program (2015, unknown): “2 See Chodorow‐Reich (2013) for evidence on how the crisis might have affected financial constraints at bank‐ dependent firms.”
The Voice of Monetary Policy (2021, unknown): “Note that our sample does not include the first round of quantitative easing in 2009, which led to a strong stock market reaction (see, e.g., Chodorow-Reich, 2014; Krishnamurthy and Vissing-Jorgensen, 2011).”
The Effects of Quantitative Easing on Bank Lending Behavior (2017, unknown): “Shocks to the banking sector can have real effects by reducing firm borrowing and employment (Chodorow-Reich (2014b)).”
Competitive monetary easing: is it yesterday once more? (2014, background): “See Borio (2014), Borio and Disyatat (2009), Stein (2013), though see Chodorow-Reich (2014) for an alternative viewpoint.”
Monetary Policy, Financial Conditions, and Financial Stability (2014, background): “In contrast, Chodorow-Reich (2014) finds only limited evidence of reach for yield behavior at financial institutions: for money market funds, the interaction of low nominal interest rates and administrative costs forced the funds to waive fees; funds with higher costs reached for higher returns in…”
Life below Zero: Bank Lending under Negative Policy Rates (2019, background): “Chodorow-Reich (2014) studies the impact of the policy mix, including asset purchases, forward guidance, and ultra-low interest rates on banks, life insurers, and money market funds in the United States.”