Quantitative Easing and Macroeconomic Performance in the United States
نویسندگان
چکیده
Abstract This scientific paper examines the relationship between macroeconomic variables whose performance is measured under implementation of Quantitative Easing in US, by estimating vector autoregression (VAR) and Impulse Response Function with monthly data from US Federal Reserve, observed during period January 1994-January 2022. Variables include: Consumer Price Index (CPIAUCSL); Industrial Production (INDPRO); Unemployment Rate (UNRATE); Interest Rates, Government Securities, Bonds (INTGSBUSM193N); Volatility (VIXCLS), Real Broad Effective Exchange (RBUSBIS), Surplus or Deficit (MTSDS133FMS), Money Supply M1 (WM1NS), M2 (WMNS), M3 (MABMM301USM189S). An evidence on when evaluating effectiveness QE provided.
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ژورنال
عنوان ژورنال: Journal of Central Banking Theory and Practice
سال: 2022
ISSN: ['1800-9581', '2336-9205']
DOI: https://doi.org/10.2478/jcbtp-2022-0024