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Bank of Canada RSS Feedsen2024-03-28T16:41:14+00:00Optimal Quantitative Easing in a Monetary Union
https://www.bankofcanada.ca/2020/11/staff-working-paper-2020-49/
How should a central bank conduct quantitative easing (QE) in a monetary union when regions differ in their size and portfolio characteristics? Optimal QE policy suggests allocating greater purchases from the region that faces stronger portfolio frictions, and not necessarily according to each region’s size.2020-11-24T09:04:14+00:00enOptimal Quantitative Easing in a Monetary Union2020-11-24Business fluctuations and cyclesEconomic modelsMonetary policyStaff Working Paper 2020-49https://www.bankofcanada.ca/wp-content/uploads/2020/11/swp2020-49.pdfStaff Working Paper 2020-49Serdar KabacaRenske MaasKostas MavromatisRomanos PriftisNovember 2020EE4E43E5E52E58