期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2016
出版社：European Central Bank
摘要：We assess professional forecasters’ perceptions of the effects of the unconventional monetarypolicy measures announced by the US Federal Reserve after the collapse of Lehman Brothers.Using survey data, collected at individual level, we analyze the change in the forecasts for Treasuryand corporate bond yields around the announcement dates of the non-standard measures. We findthat forecasters expected bond yields to drop significantly for at least one year after theannouncement of accommodative policies
关键词：Survey of Professional Forecasters; Large Scale Asset Purchases; Quantitative Easing;Operation Twist; Forward Guidance; Tapering
