Article citationsMore>>
Bailey, A., Bridges, J., Harrison, R., Jones, J. and Mankodi, A. (2020) The Central Bank Balance Sheet as a Policy Tool: Past, Present and Future. Bank of England, London. https://doi.org/10.2139/ssrn.3753734
https://www.bankofengland.co.uk/-/media/boe/files/paper/2020/the-central-bank-balance-sheet-as-a-policy-tool-past-present-and-future.pdf
has been cited by the following article:
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TITLE:
Monetary Policy Experiments in an Agent-Based Macroeconomic Model
AUTHORS:
Elder Mauricio Silva, Guilherme Moura, Sergio Da Silva
KEYWORDS:
Agent-Based Macroeconomic Model, Monetary Policy, Financial Crises, Taylor’s Rule, Quantitative Easing, Business Cycles
JOURNAL NAME:
Open Access Library Journal,
Vol.8 No.5,
May
26,
2021
ABSTRACT: We consider an interbank market and a central bank in an agent-based macroeconomic model with credit and capital to evaluate the effects of monetary policies—conventional and quantitative easing. We find quantitative easing outperforms Taylor’s rule-style policies in smoothing out the business cycle.