About: A quantitative easing experiment

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: A quantitative easing experiment Goto Sponge NotDistinct Permalink

An Entity of Type : schema:ScholarlyArticle, within Data Space : covidontheweb.inria.fr associated with source document(s)

Attributes	Values
type	Academic Article research paper schema:ScholarlyArticle
isDefinedBy	Covid-on-the-Web dataset
title	A quantitative easing experiment
Creator	Akiyama, Eizo Funaki, Yukihiko Hanaki, Nobuyuki Ishikawa, Ryuichiro Penalver, Adrian
source	Elsevier
abstract	We experimentally investigate the effect of a central bank buying bonds for cash in a quantitative easing (QE) operation. In our experiment, the bonds are perfect substitutes for cash and have a constant fundamental value which is not affected by QE in the rational expectations equilibrium. We find that QE raises bond prices above those in the benchmark treatment without QE. Subjects in the benchmark treatment learned to trade the bonds at their fundamental value but those in treatments with QE became more convinced after repeated exposure to the same treatment that QE boosts bond prices. This suggests the possibility of a behavioural channel for the observed effects of actual QE operations on bond yields.
has issue date	2020-08-29(xsd:dateTime)
bibo:doi	10.1016/j.jedc.2020.103978
has license	els-covid
sha1sum (hex)	df87eae5b63c6cca481468d7c094d96689faabb2
schema:url	https://doi.org/10.1016/j.jedc.2020.103978
resource representing a document's title	A quantitative easing experiment
resource representing a document's body	covid:df87eae5b63c6cca481468d7c094d96689faabb2#body_text
is schema:about of	named entity 'OPERATION' named entity 'CENTRAL' named entity 'CHANNEL' named entity 'rational expectations' named entity 'quantitative easing' »more»

Faceted Search & Find service v1.13.91 as of Mar 24 2020

Alternative Linked Data Documents: Sponger | ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3229 as of Jul 10 2020, on Linux (x86_64-pc-linux-gnu), Single-Server Edition (94 GB total memory)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software