... of the ECB’s quantitative easing (QE) on the investor’s behavior in the stock market. Design/methodology/approach First, the authors theoretically identify the transmission channels of the QE shocks to the stock market. Then, the authors empirically assess the financial market’s responses to QE shocks...

... resorted to open market operations through asset purchase programmes (APPs) aimed at buying public and private debt. Quantitative easing (QE) consists of increasing the supply of money by the central bank, with which it subsequently purchases assets. Specifically, the ECB started the APP, a package...

...-use rights only Quantitative easing Bond risk premium Equity risk premium Portfolio balance 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 long-term yields...

... in the coefficient on the relative curvature factor which can account for the impact of the Fed’s changed monetary policy to one of quantitative easing. Findings The paper finds that the relative curvature factor strongly predicts changes in the AUD/USD exchange rate and Australian dollar excess returns out...

... (the variable that tracks quantitative easing (QE), quantitative contraction (QC) and neutrality). Practical implications This article is unique in adding to the literary discourse by incorporating international trade and other national conditions as key indicators of the long‐term value of a trade‐weighted...