Unconventional government debt purchases as a supplement to conventional monetary policy
In response to the Great Financial Crisis, the Federal Reserve, the Bank of England and many other central banks have adopted unconventional monetary policy instruments. We investigate if one of these, purchases of long-term government debt, could be a valuable addition to conventional short-term i...
| Main Authors: | , |
|---|---|
| Format: | Working paper |
| Published: |
University of Oxford
2013
|