Using security-level data on individual corporate bond prices and the Bank of England's published purchase quantities across its gilt purchase programs (QE1: £200bn, QE2: £125bn, QE3: £50bn, QE4: …
PublishedClassicCambridge Journal of EconomicsOnline 24 Dec 2013Published Mar 2014
A critical replication of Reinhart and Rogoff's "Growth in a Time of Debt" using their own working spreadsheet, which identifies three separate problems -- an unexplained exclusion of early post-war …
PublishedClassicReview of Financial StudiesOnline 7 Apr 2020Published Feb 2021
Identifying US monetary policy shocks from daily moves in five-year Treasury futures around FOMC announcements, this paper shows that during the unconventional-policy years those shocks largely …