... their yields by 9.2 bp in the long run. Asset purchase programme PSPP Quantitative easing Unconventional monetary policy E52 E58 G12 Under Article 127(1) of the Treaty on the Functioning of the European Union (EU), the primary objective of the European System of Central Banks...

... General equilibrium Debt and monetary policy transmission Developing country E63 E43 C68 E52 E63 E43 C68 E52 The theory on the apposite roles of fiscal and monetary policy in the attainment of macroeconomic objectives has evolved over the years. The Great Depression...

... only Monetary policy transmission Monetary policy spillover Foreign bank Foreign bank credit E52 E58 F62 This paper explores the role of foreign banks in transmitting global monetary policy in the Indian context. This study is significant in the context of a tremendous increase...

... to be an anomaly. Originality/value The findings represent new insight for weighing the efficacy and identifying the scope of LSAPs. E43 E52 G11 G12 The Federal Reserve’s large-scale asset purchase programs (LSAPs) have been widely characterized by many, including itself, as an effort to bring down...