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Quantitative easing (QE) policy impacts upon interest rate through different channels as pointed out by Krishnamurthy and Vissing-Jorgensen (2011). Read this article, choose ONE or TWO channels, and discuss (in words) how QE might work theoretically and empirically through those channels. (Note: no equation, graphs needed)
http://www.nber.org/papers/w17555
Thank you & Best regards,
http://www.nber.org/papers/w17555
Thank you & Best regards,
Editable Microsoft Word Document
Word Count: 724 words including References
Title: How QE might work theoretically and empirically through different channels
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