N10 - General, International, or Comparative - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T18:59:45+00:00Quantitative Easing as a Policy Tool Under the Effective Lower Bound
https://www.bankofcanada.ca/2015/11/staff-discussion-paper-2015-14/
This paper summarizes the international evidence on the performance of quantitative easing (QE) as a monetary policy tool when conventional policy rates are constrained by the effective lower bound (ELB). A large body of evidence suggests that expanding the central bank’s balance sheet through large-scale asset purchases can provide effective stimulus under the ELB.2015-11-12T15:21:58+00:00enQuantitative Easing as a Policy Tool Under the Effective Lower Bound2015-11-12Central bank researchInternational topicsMonetary policy frameworkMonetary policy transmissionStaff Discussion Paper 2015-14https://www.bankofcanada.ca/wp-content/uploads/2015/11/dp2015-14.pdfQuantitative Easing as a Policy Tool Under the Effective Lower BoundAbeer RezaEric SantorLena SuchanekNovember 2015EE5E52E58E6E61E65NN1N10