Scarce collateral, the term premium, and quantitative easing

DOI10.1016/J.JET.2015.07.010MaRDI QIDQ282153zbMATH OpenOpenAlexFDO

Authors Stephen D. Williamson

Publication date 12 May 2016

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://research.stlouisfed.org/wp/2014/2014-008.pdf

zbMATH Keywords

collateralmonetary policyquantitative easingterm premium

Mathematics Subject Classification ID

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

Recommendations

• Quantitative easing and the loan to collateral value ratio
• Unconventional government debt purchases as a supplement to conventional monetary policy
• Monetary policy and the term premium
• Time Consistency and Duration of Government Debt: A Model of Quantitative Easing
• Optimal monetary policy in a collateralized economy

Cites work

• Bank Runs, Deposit Insurance, and Liquidity
• Financial Intermediation and Delegated Monitoring
• Liquidity and interest rates
• Money and credit with limited commitment and theft
• Money, credit and banking

Cited in

(13)

• INSIDE MONEY, INVESTMENT, AND UNCONVENTIONAL MONETARY POLICY
• Quantitative easing and the loan to collateral value ratio
• Asset prices and standing facilities in a monetary economy
• Default and determinacy under quantitative easing
• Frictional asset markets and the liquidity channel of monetary policy
• Savings, asset scarcity, and monetary policy
• Unconventional government debt purchases as a supplement to conventional monetary policy
• Can the fiscal authority constrain the central bank?
• Central bank digital currency and flight to safety
• Stablecoins: legal restrictions theory and monetary policy
• Incomplete credit markets and monetary policy
• Collateral misrepresentation, external auditing, and optimal supervisory policy
• On the optimal quantity of liquid bonds

This page was built for publication: Scarce collateral, the term premium, and quantitative easing

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q282153)