scholarly journals Are There Differences in the Effectiveness of Quantitative Easing at the Zero-Lower-Bound in Japan Over Time?

2014 ◽  
Author(s):  
Henrike Michaelis ◽  
Sebastian Watzka
Keyword(s):  
Lower Bound ◽  
Quantitative Easing ◽  
Zero Lower Bound ◽  
Over Time

The Stability of Safe Asset Production

FEDS Notes ◽  
2020 ◽  
Vol 2020 (2790) ◽  
Author(s):  
Sara Almadani ◽  
◽  
Michael Batty ◽  
Danielle Nemschoff ◽  
Wayne Passmore ◽  
...  
Keyword(s):  
Lower Bound ◽  
Interest Rates ◽  
Significant Influence ◽  
Asset Market ◽  
Zero Lower Bound ◽  
Short Term ◽  
The Stability ◽  
Over Time

A safe asset is a debt instrument that is expected to maintain its value over time, especially during adverse systemic events. Changes in the supply of safe assets can have a significant influence on short-term, risk-free interest rates. (Ferreira & Shousha, 2020) "When the scarcity of safe asset[s] is acute, the zero lower bound (ZLB) becomes binding and the safe asset market equilibrates via a reduction in output…"

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