De Santis, Roberto A., (2016), “Impact of the asset purchase programme on euro area government bond yields using market news”, European Central Bank, Working Paper Series 1939, July
The major central banks pursuing Quantitative Easing (QE) have bought large volumes of public and private assets with purchases carried out in several stages. The overall balance of evidence from the literature on QE is that central bank asset purchases have had a material impact on the price of financial assets that have been purchased.
Relevant Posts
- Thimann, Christian, (2016), “Quantitative Easing: The Challenge for Households Long-term Savings and Financial Security”, CESifo Working Paper No. 5976, June
- Demertzis, Maria, Wolff, Guntram B., (2016), “The effectiveness of the European Central Bank’s Asset Purchase Programme”, Bruegel, 23 June