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Jurnal Perencanaan Pembangunan Vol. IV No 1 April 2020 (Rak 8 – P : Kebijakan Publik dan Perempuan)
This volume empirically analyzes the effects of quantitative easing (QE) on interest rates and the economy in the US, Japan, UK and Europe. Using an event-study methodology, the authors find that the measures undertaken by the Federal Reserve and Bank of England, which focus primarily on bond purchases, are much more effective in lowering interest rates than those undertaken by the Bank of Japa…