The Macroeconomic Impact of Unconventional Monetary Policy Shocks

With the Federal Funds rate approaching the zero lower bound, the U.S. Federal Reserve adopted a range of unconventional monetary policy measures known as Quantitative Easing (QE). Quantifying the impact QE has on the real economy, however, is not straightforward as standard tools such as VAR model...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 27-2014)
Main Authors: Meinusch, Annette, Tillmann, Peter
Format: Article
Language:English
Published: Philipps-Universität Marburg 2014
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Online Access:PDF Full Text
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