How Quantitative Easing Works: Evidence on the Refinancing Channel

DOI10.1093/RESTUD/RDZ060MaRDI QIDQ5856537zbMATH OpenOpenAlexFDO

Authors Marco di Maggio, Amir Kermani, Christopher J. Palmer

Publication date 26 March 2021

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL http://www.nber.org/papers/w22638.pdf

zbMATH Keywords

home equitymonetary policy transmissionmortgage refinancingquantitative easingreal effects

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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(12)

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• The impact of quantitative easing on the US term structure of interest rates
• Regional heterogeneity and the refinancing channel of monetary policy
• Making Room for the Needy: The Credit-Reallocation Effects of the ECB’s Corporate QE*
• Bank of Japan equity purchases: the (non-)effects of extreme quantitative easing
• Asset purchases, limited asset markets participation and inequality
• Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program
• Quantitative easing in the US and financial cycles in emerging markets
• Collateral-based monetary policy: evidence from China
• The effects of monetary policy through housing and mortgage choices on aggregate demand

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