How Quantitative Easing Works: Evidence on the Refinancing Channel

© 2019 The Author(s) 2019. Published by Oxford University Press on behalf of The Review of Economic Studies Limited. We document the transmission of large-scale asset purchases by the Federal Reserve to the real economy using rich borrower-linked mortgage-market data and an identification strategy b...

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Bibliographic Details
Main Authors: Di Maggio, Marco, Kermani, Amir, Palmer, Christopher John
Other Authors: Sloan School of Management
Format: Article
Language:English
Published: Oxford University Press (OUP) 2021
Online Access:https://hdl.handle.net/1721.1/133027