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来源类型Working Paper
规范类型报告
DOI10.3386/w27849
来源IDWorking Paper 27849
Fifty Shades of QE: Comparing Findings of Central Bankers and Academics
Brian Fabo; Martina Jančoková; Elisabeth Kempf; Ľuboš Pástor
发表日期2020-09-28
出版年2020
语种英语
摘要We compare the findings of central bank researchers and academic economists regarding the macroeconomic effects of quantitative easing (QE). We find that central bank papers find QE to be more effective than academic papers do. Central bank papers report larger effects of QE on output and inflation. They also report QE effects on output that are more significant, both statistically and economically, and they use more positive language in the abstract. Central bank researchers who report larger QE effects on output experience more favorable career outcomes. A survey of central banks reveals substantial involvement of bank management in research production.
主题Other ; General, Teaching ; Macroeconomics ; Monetary Policy ; Financial Economics ; Financial Institutions
URLhttps://www.nber.org/papers/w27849
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/585523
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Brian Fabo,Martina Jančoková,Elisabeth Kempf,et al. Fifty Shades of QE: Comparing Findings of Central Bankers and Academics. 2020.
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