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- W1543367461 abstract "Federal Reserve announcements of future purchases of longer-term bonds may affect asset prices by changing market expectations of the future supply of targeted securities. Such announcements may also affect asset prices by signaling that the stance of conventional monetary policy is likely to remain loose for longer than previously anticipated. Research suggests that these signaling effects were a major contributor to the cumulative declines in Treasury security yields following the eight Fed announcements in 2008 and 2009 about its first round of large-scale asset purchases." @default.
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- W1543367461 date "2011-01-01" @default.
- W1543367461 modified "2023-09-24" @default.
- W1543367461 title "Signals from unconventional monetary policy" @default.
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