How Long to Read Asymmetric Effects of Conventional and Unconventional Monetary Policy when Rates are Low

How Long Does it Take to Read Asymmetric Effects of Conventional and Unconventional Monetary Policy when Rates are Low?

It takes the average reader to read Asymmetric Effects of Conventional and Unconventional Monetary Policy when Rates are Low by Olli-Matti Laine

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Description

We study asymmetric inflation effects of both conventional and unconventional monetary policy in the euro area during the period of low nominal interest rates. We find that rate cuts are inflationary also during low interest rates. Positive quantitative easing surprises have a deflationary effect, but negative quantitative easing surprises have no inflationary effects. This result may be explained by information effects. The effect of monetary policy depends on the size of policy surprise and is lower during recessions than during booms. We also provide evidence that interest rate policy, forward guidance and quantitative easing are complementary to one another.

How long is Asymmetric Effects of Conventional and Unconventional Monetary Policy when Rates are Low?

Asymmetric Effects of Conventional and Unconventional Monetary Policy when Rates are Low by Olli-Matti Laine is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read Asymmetric Effects of Conventional and Unconventional Monetary Policy when Rates are Low Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read Asymmetric Effects of Conventional and Unconventional Monetary Policy when Rates are Low aloud.

What Reading Level is Asymmetric Effects of Conventional and Unconventional Monetary Policy when Rates are Low?

Asymmetric Effects of Conventional and Unconventional Monetary Policy when Rates are Low is suitable for students ages 2 and up.

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