... 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...

... 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...

... or Quantitative Easing 3 (QE3). A primary channel through which LSAPs are thought to facilitate changes in yields is via changes in the market price of risk. By purchasing long maturity fixed income such as Treasuries or mortgage-backed securities, the Federal Reserve changes the aggregate supply for these assets...

... 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...