The DOI matches its Crossref record; 36 of the 36 references it cites were found in a registry or an index.
What are the macroeconomic effects of asset purchases?
Open accessAbstract
The impact of announcements of large-scale purchases of government bonds on real GDP and the CPI in the United Kingdom and the United States is explored with a Bayesian VAR, estimated on monthly data from 2009M3 to 2014M5. Four different identification schemes are used, all leaving the reactions of GDP and CPI unrestricted, and the transmission channels of the policy are examined. An asset purchase announcement of 1% of GDP leads to a statistically significant rise of 0.58% (0.25%) and 0.62% (0.32%) rise in real GDP and CPI for the US (UK). The transmission channels differ in the two countries.
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Cites
Schwartz, E. S., Dixit, A. K., & Pindyck, R. S. (1994) · The Journal of Finance · doi:10.2307/2329279 · Cited by 9,498
Biases in dynamic models with fixed effects
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The Impact of Uncertainty Shocks
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BackgroundInfluentialAdrian, T., & Shin, H. S. (2010) · Journal of Financial Intermediation · doi:10.1016/j.jfi.2008.12.002 · Cited by 2,527
What are the effects of monetary policy on output? Results from an agnostic identification procedure
Uhlig, H. (2005) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2004.05.007 · Cited by 2,307
The Impact of Uncertainty Shocks
Bloom, N. (2007) · National Bureau of Economic Research · doi:10.3386/w13385 · Cited by 2,111
Zero Bound on Interest Rates and Optimal Monetary Policy
Eggertsson, G. B., & Woodford, M. (2003) · Brookings Papers on Economic Activity · doi:10.1353/eca.2003.0010 · Cited by 1,789
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Forecasting With Bayesian Vector Autoregressions—Five Years of Experience
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Metadata
- Authors
- Weale, M., & Wieladek, T.
- Venue
- Journal of Monetary Economics
- Publisher
- Elsevier BV
- Published
- 2016-05
- Volume
- 79
- Pages
- 81-93
- ISSN
- 0304-3932 (ISSN-L)
- OpenAlex
- W3121193908
- Cited by
- 264
- References
- 36
- FWCI
- 73.62
- Type
- journal article
- Language
- en
- Open access
- hybrid
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