Ditapis dengan
The Narrow Channel of Quantitative Easing: Evidence from YCC Down Under
We study the recent Australian experience with yield curve control (YCC) as perhaps the best evidence of how this policy might work in other developed economies. YCC seemingly worked well in 2020, when the market expected short rates to stay at zero for a long period of time. As the global recovery and inflation gained momentum in 2021, liftoff expectations moved up, the Reserve Bank of Austral…
- Edisi
- Volume 79, Issue 2, April 2024, Pages 1055-1085
- ISBN/ISSN
- 1540-6261
- Deskripsi Fisik
- ill, chart, table, grafik, 924 hal, 20 cm
- Judul Seri
- -
- No. Panggil
- -
Resource Allocation in Bank Supervision : Trade-Offs and Outcomes
We estimate a structural model of resource allocation on work hours of Federal Reserve bank supervisors to disentangle how supervisory technology, preferences, and resource constraints impact bank outcomes. We find a significant effect of supervision on bank risk and large technological scale economies with respect to bank size. Consistent with macroprudential objectives, revealed supervisory p…
- Edisi
- Volume 77, Issue 3, June 2022, Pages 1685-1736
- ISBN/ISSN
- 1540-6261
- Deskripsi Fisik
- First published : 29 March 2022
- Judul Seri
- -
- No. Panggil
- -
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