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A Modigliani-Miller theorem for open-market operations

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As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Wallace 1981 AER Puzzle
    by Richard H. Serlin in Richard H. Serlin on 2012-08-09 09:58:00
  2. Want to Understand the Intuition for Wallace Neutrality (QE Can't Work), and Why it's Wrong in the Real World?
    by Richard H. Serlin in Richard H. Serlin on 2012-09-09 15:26:00
  3. Blogs review: Wallace Neutrality and Balance Sheet Monetary Policy
    by ? in Bruegel blog on 2012-09-10 17:37:48
  4. Monetary Policy Confusion
    by Stephen Williamson in Stephen Williamson: New Monetarist Economics on 2013-06-21 01:50:00
  5. Wallace Neutrality Roundup: QE May Work in Practice, But Can It Work in Theory?
    by ? in Confessions of a Supply-Side Liberal on 2013-10-08 05:30:46
  6. The Intuition behind Wallace Neutrality, Attempt 3
    by Richard H. Serlin in Richard H. Serlin on 2014-08-11 03:38:00
  7. Richard Serlin: In Theory (but Not in Practice) the Minnows Counter the Whale to Yield Wallace Neutrality
    by ? in Confessions of a Supply-Side Liberal on 2014-09-18 05:30:26
  8. Por qué el BCE no nos ayuda (más)
    by Jorge Galindo in Politikon on 2013-05-05 14:11:13
  9. Interview with Narayana Kocherlakota
    by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2016-02-01 18:08:24

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Cited by:

  1. Thomas J. Sargent, 2015. "Robert E. Lucas Jr.'s Collected Papers on Monetary Theory," Journal of Economic Literature, American Economic Association, vol. 53(1), pages 43-64, March.
  2. Reis, Ricardo, 2016. "Funding quantitative easing to target inflation," LSE Research Online Documents on Economics 67883, London School of Economics and Political Science, LSE Library.
  3. David Miles & Jochen Schanz, 2013. "The Relevance or Otherwise of the Central Bank's Balance Sheet," NBER Chapters, in: NBER International Seminar on Macroeconomics 2013, pages 103-116, National Bureau of Economic Research, Inc.
  4. Coe, P. & Pesaran, M.H. & Vahey, S.P., 2000. "The Cost Efficiency of UK Debt Management: A Recursive Modelling Approach," Cambridge Working Papers in Economics 0005, Faculty of Economics, University of Cambridge.
  5. R. S.J. Koijen & F. Koulischer & B. Nguyen & M. Yogo, 2016. "Quantitative Easing in the Euro Area: The Dynamics of Risk Exposures and the Impact on Asset Prices," Working papers 601, Banque de France.
  6. Roberto Chang & Andrés Velasco, 2017. "Financial Frictions and Unconventional Monetary Policy in Emerging Economies," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 65(1), pages 154-191, April.
  7. Tristani, Oreste & De Fiore, Fiorella, 2019. "(Un)conventional policy and the effective lower bound," Journal of Economic Dynamics and Control, Elsevier, vol. 106(C), pages 1-1.
  8. Pietro Cova & Patrizio Pagano & Massimiliano Pisani, 2019. "Domestic and International Effects of the Eurosystem Expanded Asset Purchase Programme: A Structural Model-Based Analysis," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(2), pages 315-348, June.
  9. Burlon, L. & Gerali, A. & Notarpietro, A. & Pisani, M., 2018. "Non-standard monetary policy, asset prices and macroprudential policy in a monetary union," Journal of International Money and Finance, Elsevier, vol. 88(C), pages 25-53.
  10. Vincent Sterk & Silvana Tenreyro, 2013. "The Transmission of Monetary Policy Operations through Redistributions and Durable Purchases," CEP Discussion Papers dp1249, Centre for Economic Performance, LSE.
  11. Cúrdia, Vasco & Woodford, Michael, 2011. "The central-bank balance sheet as an instrument of monetarypolicy," Journal of Monetary Economics, Elsevier, vol. 58(1), pages 54-79, January.
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  23. Burlon, Lorenzo & Notarpietro, Alessandro & Pisani, Massimiliano, 2019. "Macroeconomic effects of an open-ended asset purchase programme," Journal of Policy Modeling, Elsevier, vol. 41(6), pages 1144-1159.
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  32. Diana Hancock & Wayne Passmore, 2014. "How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates," Finance and Economics Discussion Series 2014-12, Board of Governors of the Federal Reserve System (U.S.).
  33. Cui, Wei & Sterk, Vincent, 2018. "Quantitative easing," LSE Research Online Documents on Economics 90874, London School of Economics and Political Science, LSE Library.
  34. Kerstin Bernoth & Marcel Fratzscher & Philipp König, 2014. "Schwache Preisentwicklung und Deflationsgefahr im Euroraum: Grenzen der konventionellen Geldpolitik," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 81(12), pages 235-249.
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  37. Brunnermeier, Markus K. & Niepelt, Dirk, 2019. "On the equivalence of private and public money," Journal of Monetary Economics, Elsevier, vol. 106(C), pages 27-41.
  38. Valdivia, Daney, 2015. "Handbook on DSGE models: some useful tips in modeling a DSGE models," MPRA Paper 61347, University Library of Munich, Germany.
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  42. Lorenzo Burlon & Alberto Locarno & Alessandro Notarpietro & Massimiliano Pisani, 2017. "Public investment and monetary policy stance in the euro area," Temi di discussione (Economic working papers) 1150, Bank of Italy, Economic Research and International Relations Area.
  43. Stephen D. Williamson, 2015. "Monetary Policy Normalization in the United States," Review, Federal Reserve Bank of St. Louis, vol. 97(2), pages 87-108.
  44. Azariadis, Costas & Bullard, James & Singh, Aarti & Suda, Jacek, 2019. "Incomplete credit markets and monetary policy," Journal of Economic Dynamics and Control, Elsevier, vol. 103(C), pages 83-101.
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  47. Marco Di Maggio & Amir Kermani & Christopher Palmer, 2016. "How Quantitative Easing Works: Evidence on the Refinancing Channel," NBER Working Papers 22638, National Bureau of Economic Research, Inc.
  48. Sterk, Vincent & Tenreyro, Silvana, 2015. "The Transmission of Monetary Policy through Redistributions and Durable Purchases," CEPR Discussion Papers 10785, C.E.P.R. Discussion Papers.
  49. David B. Gordon & Eric M. Leeper, 2006. "The Price Level, The Quantity Theory Of Money, And The Fiscal Theory Of The Price Level," Scottish Journal of Political Economy, Scottish Economic Society, vol. 53(1), pages 4-27, February.
  50. Aleksander Berentsen & Christopher Waller, 2008. "Outside Versus Inside Bonds," IEW - Working Papers 372, Institute for Empirical Research in Economics - University of Zurich.
  51. Homburg Stefan, 2015. "Superneutrality of Money under Open Market Operations," Review of Economics, De Gruyter, vol. 66(3), pages 289-302, December.
  52. Bignon, Vincent & Jobst, Clemens, 2017. "Economic Crises and the Eligibility for the Lender of Last Resort: Evidence from Nineteenth Century France," CEPR Discussion Papers 11737, C.E.P.R. Discussion Papers.
  53. Adrian Penalver & Nobuyuki Hanaki & Eizo Akiyama & Yukihiko Funaki, 2020. "A quantitative easing experiment," ISER Discussion Paper 1094, Institute of Social and Economic Research, Osaka University.
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