Journal Article
Has QE been effective?
Abstract: Longer-term yields declined by relatively large amounts on days when the FOMC made specific QE announcements. However, the objective of QE has been to reduce long-term yields beyond the levels they would have reached without QE.
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http://research.stlouisfed.org/publications/es/14/ES_3_2014-02-10.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2014
Issue: 3
Order Number: 2