Student or educator? Sign up with your school email and get 6 months of Pro free.
CoChat
Sign Up
Cited by 455

The DOI matches its Crossref record; 38 of the 38 references it cites were found in a registry or an index.

The Macroeconomic Effects of Large‐scale Asset Purchase Programmes

Chen, Han, Cúrdia, Vasco, Ferrero, Andrea·2012·The Economic Journal
DOI 10.1111/j.1468-0297.2012.02549.x
Open this paper in CoChat — free account

Abstract

We simulate the Federal Reserve second Large‐Scale Asset Purchase programme in a DSGE model with bond market segmentation estimated on US data. GDP growth increases by less than a third of a percentage point and inflation barely changes relative to the absence of intervention. The key reasons behind our findings are small estimates for both the elasticity of the risk premium to the quantity of long‐term debt and the degree of financial market segmentation. Without the commitment to keep the nominal interest rate at its lower bound for an extended period, the effects of asset purchase programmes would be even smaller.

Overview

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.1111/j.1468-0297.2012.02549.x

Cites

38 of 38 references verified0 citation errors · 0 not checkable

Statistics

Verification

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Citations

Cites

Show all 38 references

Cited by

See all 455

Metadata

Authors
Chen, H., Cúrdia, V., & Ferrero, A.
Venue
The Economic Journal
Publisher
Oxford University Press (OUP)
Published
2012-10-29
Volume
122
Issue
564
Pages
F289-F315
ISSN
  • 0013-0133 (ISSN-L)
  • 1468-0297
DOI
10.1111/j.1468-0297.2012.02549.x
OpenAlex
W3125521357
Cited by
455
References
38
FWCI
68.54
Type
journal article
Language
en
Open access
closed

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

How to cite

Cite CoChat for the checks on this page, and the paper for its own findings.

This page
CoChat. (2026). Citation check: The Macroeconomic Effects of Large‐scale Asset Purchase Programmes. https://app.cochat.ai/papers/10.1111/j.1468-0297.2012.02549.x
The paper
Chen, H., Cúrdia, V., & Ferrero, A. (2012). The Macroeconomic Effects of Large‐scale Asset Purchase Programmes. The Economic Journal. https://doi.org/10.1111/j.1468-0297.2012.02549.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.