The Impact of Central Bank Stock Purchases: Evidence from Discontinuities in Policy Rules
Using policy-rule discontinuities, the study finds BOJ stock purchases raise long-term rates but lift prices only after yield curve control pegged rates at zero.
Featured in No. 138 on 6 Nov 2026 · 4 days after release
- Released
- 2 Nov 2026
- First featured
- No. 138 · 6 Nov 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:nbr:nberwo:35886
- Authors
- Masao Fukui and Masayuki Yagasaki
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