The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound
The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound, by Leonardo Gambacorta, Boris Hofmann and Gert Peersman, Working Papers No 384, August 2012 “This paper assesses the macroeconomic effects of unconventional monetary policies by estimating a panel VAR with monthly data from eight advanced economies over a sample spanning the period since the …