The document discusses the challenges and theoretical implications of Quantitative Easing (QE) by central banks, particularly focusing on its short-term effects on markets and lending, and the uncertainties regarding its long-term impact on inflation, economic activity, and asset prices. It includes data on ECB and Fed balance sheets and their relation to 10-year Bund and Treasury yields.
doj/DataSet10/EFTA01388571.pdf
{"title":"The limits of monetary policy","key_people":["Modigliani-Miller","Wallace"],"document_date":"March 2016","document_type":"tabular","key_locations":["United States","United Kingdom","Eurozone","Japan"],"document_subtype":"financial analysis","key_organizations":["ECB","Fed","Bloomberg Finance L.P.","Deutsche Asset Management Investment GmbH"]}