Matches in SemOpenAlex for { <https://semopenalex.org/work/W2766704903> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W2766704903 endingPage "66" @default.
- W2766704903 startingPage "56" @default.
- W2766704903 abstract "We examine the effects on the level and volatility of yield spreads of the Quantitative Monetary Easing Policy (QMEP) of the Bank of Japan (BoJ) implemented from March 19, 2001 to March 9, 2006. We adopt an Exponential Generalized Autoregressive Conditional Heteroskedasticity (EGARCH) model to analyze daily data for the five year duration of QMEP. The purpose of QMEP was to reduce short-term interest rate expectations with the goal of bringing down long term interest rates to stimulate the economy. Under QMEP, the operational target of monetary policy was taken as the current account balances (CABs) of financial institutions held at the BoJ. In support of QMEP effectiveness, we find that the policy to raise CABs was indeed associated with a decrease in yield spreads across all maturities. At the same time, the policy may have increased the volatility of yield spreads at short and medium time horizons, perhaps due to unevern demand for government security issues that nevertheless left confidence in the future of low interest rates intact. Preserving liquidity at or above the CABs target range was found to decrease yield spreads." @default.
- W2766704903 created "2017-11-10" @default.
- W2766704903 creator A5034286310 @default.
- W2766704903 date "2017-12-01" @default.
- W2766704903 modified "2023-10-13" @default.
- W2766704903 title "Japan’s quantitative monetary easing policy: Effect on the level and volatility of yield spreads" @default.
- W2766704903 cites W1576326745 @default.
- W2766704903 cites W1966823661 @default.
- W2766704903 cites W1973068485 @default.
- W2766704903 cites W1979575715 @default.
- W2766704903 cites W1984554148 @default.
- W2766704903 cites W1999814123 @default.
- W2766704903 cites W1999996900 @default.
- W2766704903 cites W2011788365 @default.
- W2766704903 cites W2036020297 @default.
- W2766704903 cites W2048775121 @default.
- W2766704903 cites W2054477007 @default.
- W2766704903 cites W2095364399 @default.
- W2766704903 cites W2136241359 @default.
- W2766704903 cites W3023842518 @default.
- W2766704903 cites W3121269181 @default.
- W2766704903 cites W3122217474 @default.
- W2766704903 cites W3123301306 @default.
- W2766704903 doi "https://doi.org/10.1016/j.asieco.2017.10.004" @default.
- W2766704903 hasPublicationYear "2017" @default.
- W2766704903 type Work @default.
- W2766704903 sameAs 2766704903 @default.
- W2766704903 citedByCount "2" @default.
- W2766704903 countsByYear W27667049032022 @default.
- W2766704903 crossrefType "journal-article" @default.
- W2766704903 hasAuthorship W2766704903A5034286310 @default.
- W2766704903 hasConcept C126285488 @default.
- W2766704903 hasConcept C134121241 @default.
- W2766704903 hasConcept C149782125 @default.
- W2766704903 hasConcept C162324750 @default.
- W2766704903 hasConcept C175025494 @default.
- W2766704903 hasConcept C176230804 @default.
- W2766704903 hasConcept C183582576 @default.
- W2766704903 hasConcept C191897082 @default.
- W2766704903 hasConcept C192562407 @default.
- W2766704903 hasConcept C29185160 @default.
- W2766704903 hasConcept C2992735868 @default.
- W2766704903 hasConcept C556758197 @default.
- W2766704903 hasConcept C91602232 @default.
- W2766704903 hasConceptScore W2766704903C126285488 @default.
- W2766704903 hasConceptScore W2766704903C134121241 @default.
- W2766704903 hasConceptScore W2766704903C149782125 @default.
- W2766704903 hasConceptScore W2766704903C162324750 @default.
- W2766704903 hasConceptScore W2766704903C175025494 @default.
- W2766704903 hasConceptScore W2766704903C176230804 @default.
- W2766704903 hasConceptScore W2766704903C183582576 @default.
- W2766704903 hasConceptScore W2766704903C191897082 @default.
- W2766704903 hasConceptScore W2766704903C192562407 @default.
- W2766704903 hasConceptScore W2766704903C29185160 @default.
- W2766704903 hasConceptScore W2766704903C2992735868 @default.
- W2766704903 hasConceptScore W2766704903C556758197 @default.
- W2766704903 hasConceptScore W2766704903C91602232 @default.
- W2766704903 hasLocation W27667049031 @default.
- W2766704903 hasOpenAccess W2766704903 @default.
- W2766704903 hasPrimaryLocation W27667049031 @default.
- W2766704903 hasRelatedWork W1490523589 @default.
- W2766704903 hasRelatedWork W1551896853 @default.
- W2766704903 hasRelatedWork W1571724187 @default.
- W2766704903 hasRelatedWork W2001763532 @default.
- W2766704903 hasRelatedWork W2028566877 @default.
- W2766704903 hasRelatedWork W2773632143 @default.
- W2766704903 hasRelatedWork W2969781909 @default.
- W2766704903 hasRelatedWork W3124265526 @default.
- W2766704903 hasRelatedWork W3125893372 @default.
- W2766704903 hasRelatedWork W2141037555 @default.
- W2766704903 hasVolume "53" @default.
- W2766704903 isParatext "false" @default.
- W2766704903 isRetracted "false" @default.
- W2766704903 magId "2766704903" @default.
- W2766704903 workType "article" @default.