An evaluation of quantitative easing effectiveness based on out-of-sample forecasts
A line of defense of quantitative easing (QE) policies has been developed around empirical evidence that time series models do not predict long-term asset prices and yields as well as naive random walk forecasts, implying that predictions of price reversals cannot be profitable and, therefore, that...
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| Format: | Article |
| Language: | English |
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AIMS Press
2022-11-01
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| Series: | National Accounting Review |
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| Online Access: | https://www.aimspress.com/article/doi/10.3934/NAR.2022021?viewType=HTML |