Quantitative Easing and Long-Term Yields in Small Open Economies /

We compare the effectiveness of Federal Reserve's asset purchase programs in lowering longterm yields with that of similar programs implemented by the Bank of England, the Swedish Riksbank, and the Swiss National Bank's reserve expansion program. We decompose government bond yields into (i...

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Bibliographic Details
Main Author: Diez de los Rios, Antonio
Other Authors: Shamloo, Maral
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/212
Online Access:Full text available on IMF