Matches in SemOpenAlex for { <https://semopenalex.org/work/W3122392992> ?p ?o ?g. }
Showing items 1 to 71 of
71
with 100 items per page.
- W3122392992 abstract "Since the 2007-2009 financial recession and up until the present day, the main central banks have resorted to nontraditional policy tools to stimulate economic activity. A distinctive example was the expansion of the size of their balance sheets through the purchase of long-term government securities. In this paper I analyze the effect on credit markets of this “unconventional” monetary policy tool and compare it with that of conventional instruments such as open market operations. Our findings suggest that central bank purchases of long-term government securities stimulate credit market activity and reduce the cost of public and private borrowing only under a low interest rate and reduced fiscal debt regime. Otherwise, this policy increases the cost of servicing debt resulting in a contraction of lending. In contrast, open market operations aid credit availability but negatively affect the amount of risk-sharing in the economy." @default.
- W3122392992 created "2021-02-01" @default.
- W3122392992 creator A5065674250 @default.
- W3122392992 date "2020-01-01" @default.
- W3122392992 modified "2023-09-28" @default.
- W3122392992 title "Unconventional monetary policy and credit market activity" @default.
- W3122392992 hasPublicationYear "2020" @default.
- W3122392992 type Work @default.
- W3122392992 sameAs 3122392992 @default.
- W3122392992 citedByCount "0" @default.
- W3122392992 crossrefType "posted-content" @default.
- W3122392992 hasAuthorship W3122392992A5065674250 @default.
- W3122392992 hasConcept C10138342 @default.
- W3122392992 hasConcept C120527767 @default.
- W3122392992 hasConcept C126285488 @default.
- W3122392992 hasConcept C139719470 @default.
- W3122392992 hasConcept C144133560 @default.
- W3122392992 hasConcept C162324750 @default.
- W3122392992 hasConcept C175025494 @default.
- W3122392992 hasConcept C183206440 @default.
- W3122392992 hasConcept C185824701 @default.
- W3122392992 hasConcept C189722922 @default.
- W3122392992 hasConcept C195742910 @default.
- W3122392992 hasConcept C197142791 @default.
- W3122392992 hasConcept C2778489760 @default.
- W3122392992 hasConcept C556758197 @default.
- W3122392992 hasConcept C73283319 @default.
- W3122392992 hasConcept C88583849 @default.
- W3122392992 hasConceptScore W3122392992C10138342 @default.
- W3122392992 hasConceptScore W3122392992C120527767 @default.
- W3122392992 hasConceptScore W3122392992C126285488 @default.
- W3122392992 hasConceptScore W3122392992C139719470 @default.
- W3122392992 hasConceptScore W3122392992C144133560 @default.
- W3122392992 hasConceptScore W3122392992C162324750 @default.
- W3122392992 hasConceptScore W3122392992C175025494 @default.
- W3122392992 hasConceptScore W3122392992C183206440 @default.
- W3122392992 hasConceptScore W3122392992C185824701 @default.
- W3122392992 hasConceptScore W3122392992C189722922 @default.
- W3122392992 hasConceptScore W3122392992C195742910 @default.
- W3122392992 hasConceptScore W3122392992C197142791 @default.
- W3122392992 hasConceptScore W3122392992C2778489760 @default.
- W3122392992 hasConceptScore W3122392992C556758197 @default.
- W3122392992 hasConceptScore W3122392992C73283319 @default.
- W3122392992 hasConceptScore W3122392992C88583849 @default.
- W3122392992 hasLocation W31223929921 @default.
- W3122392992 hasOpenAccess W3122392992 @default.
- W3122392992 hasPrimaryLocation W31223929921 @default.
- W3122392992 hasRelatedWork W1503454577 @default.
- W3122392992 hasRelatedWork W1564407303 @default.
- W3122392992 hasRelatedWork W1575498939 @default.
- W3122392992 hasRelatedWork W1579254571 @default.
- W3122392992 hasRelatedWork W1835837705 @default.
- W3122392992 hasRelatedWork W1989911733 @default.
- W3122392992 hasRelatedWork W2039892022 @default.
- W3122392992 hasRelatedWork W2126081622 @default.
- W3122392992 hasRelatedWork W2158186699 @default.
- W3122392992 hasRelatedWork W2275331311 @default.
- W3122392992 hasRelatedWork W2326944012 @default.
- W3122392992 hasRelatedWork W3012997009 @default.
- W3122392992 hasRelatedWork W3034845070 @default.
- W3122392992 hasRelatedWork W3121803420 @default.
- W3122392992 hasRelatedWork W3121978074 @default.
- W3122392992 hasRelatedWork W3122188849 @default.
- W3122392992 hasRelatedWork W3123228517 @default.
- W3122392992 hasRelatedWork W3123490112 @default.
- W3122392992 hasRelatedWork W3125279290 @default.
- W3122392992 hasRelatedWork W820700493 @default.
- W3122392992 isParatext "false" @default.
- W3122392992 isRetracted "false" @default.
- W3122392992 magId "3122392992" @default.
- W3122392992 workType "article" @default.