* 本报告来自网络,如有侵权请联系删除
CMF中国宏观经济国际专题报告(第1期)
收藏
纠错
价格免费
数据简介
Conclusion:.Much we still need to learn. An integrated picture of this "elephant"remains elu同e. Asset purchases meaningfully ease financial con financial markets are not unusually stressed.For the most part, it has become evident that theattributed to the QE,were overstated.. The case for adding the new tool to the standard seems clear.
详情描述
Fast compared with·past episodes Fed purchases of·reasuries peaked at$75 billion per day in lateMarch, far outstrippingthe peak pace of $120billion per month during2007-08 crisisEvent studies clearly show thatthe Fed large-scale assetpurchase (LSAP) announcementsin 2008-2009 substantially reduced U.S. long-term yields fora variety of bonds (see Gagnonet al.2011; Krishnamurthy andVissing-Jorgensen 2011).The 10-year Treasury yield fell by91 b.p. over the baseline eventset and 55 b.p. over the "allevent" set.
报告预览
*本报告来自网络,如有侵权请联系删除