Short-Run Dynamics between Trading Participants in Bursa Malaysia During QE and Post-QE Exit

QE: When and How Should the Fed Exit?

The essence of Quantitative Easing (QE) is to reduce the costs of private borrowing through large-scale purchases of privately issue debts, instead of public debts (Ben Bernanke, 2009). Notwithstanding the effectiveness of this highly unconventional monetary policy in reviving private investment and the economy, it is time to think about the likely impacts of the unwinding of QE (or the reverse...

HOL Light QE

We are interested in algorithms that manipulate mathematical expressions in mathematically meaningful ways. Expressions are syntactic, but most logics do not allow one to discuss syntax. cttqe is a version of Church’s type theory that includes quotation and evaluation operators, akin to quote and eval in the Lisp programming language. Since the HOL logic is also a version of Church’s type theor...

ACIS Absolute QE the

Exiting from Qe

We develop a regime-switching SVAR (structural vector autoregression) in which the monetary policy regime, chosen by the central bank responding to economic conditions, is endogenous and observable. QE (quantitative easing) is one such regime. The model incorporates the exit condition for terminating QE. We apply it to Japan, a country that has experienced three QE spells. Our impulse response ...

Quantitative modeling and analysis with FMC-QE

The modeling and evaluation calculus FMC-QE, the Fundamental Modeling Concepts for Quantitative Evaluation [143], extends the Fundamental Modeling Concepts (FMC) for performance modeling and prediction. In this new methodology, the hierarchical service requests are in the main focus, because they are the origin of every service provisioning process. Similar to physics, these service requests ar...