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https://markusacademy.substack.com/p/qe-what-have-we-learned
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On March 24, 2022, Arvind Krishnamurthy joined Markus’ Academy for a talk on QE. Krishnamurthy is a Professor of Finance at the Stanford Graduate School of Business.
Timestamps[0:00] Introductory Remarks. [13:46] Identification challenges in asset pricing event studies.[29:11] Cases: UK Gilt purchases[35:42] Cases: Fed reinvesting asset portfolio[39:12] More unconventional narrow-channel studies[49:58] Asset pricing theory with narrow channels[1:00:19] Conventional macro effects[1:11:52] Further modeling, policy implications, and research wishlist
https://markusacademy.substack.com/p/qe-what-have-we-learned
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economics.princeton.edu