Fed research asserts ‘potency’ of quantitative easing


A working paper published by the Federal Reserve in December suggests large-scale asset purchases have significantly eased monetary conditions in the United States.

Authors Stefania D'Amico, William English, David Lopez-Salido and Edward Nelson studied economic conditions prevailing before the Fed introduced its first round of quantitative easing (QE) in 2009, finding that Treasury yields fell 35 basis points after QE1 and 45 basis points after QE2. This, they say, roughly equates to a rate cut

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: