Fifty shades of QE: Comparing findings of central bankers and academics

Arbeitspapier

We compare the findings of central bank researchers and academic economists regarding the macroeconomic effects of quantitative easing (QE). We find that central bank papers find QE to be more effective than academic papers do. Central bank papers report larger effects of QE on output and in ation. They also report QE effects on output that are more significant, both statistically and economically, and they use more positive language in the abstract. Central bank researchers who report larger QE effects on output experience more favorable career outcomes. A survey of central banks reveals substantial involvement of bank management in research production.

Angaben zum Objekt

• ISBN: 978-92-899-4807-4
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ECB Working Paper ; No. 2584

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Role of Economics; Role of Economists; Market for Economists ; Monetary Policy ; Central Banks and Their Policies ; Financial Institutions and Services: Government Policy and Regulation
• Thema: economic research ; quantitative easing ; central bank ; career concerns

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Fabo, Brian ; Jancoková, Martina ; Kempf, Elisabeth ; Pástor, Ľuboš
• Ereignis: Veröffentlichung
• (wer): European Central Bank (ECB)
• (wo): Frankfurt a. M.
• (wann): 2021

Weitere Informationen

• DOI: doi:10.2866/84240
• Handle: http://hdl.handle.net/10419/237723
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ