Journal Article
Has QE been effective?
Abstract: Longer-term yields declined by relatively large amounts on days when the FOMC made specific QE announcements. However, the objective of QE has been to reduce long-term yields beyond the levels they would have reached without QE.
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https://fraser.stlouisfed.org/title/economic-synopses-6715/qe-effective-624413
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2014
Issue: 3
Order Number: 2