"as a result of QE, central bank balance sheets and band reserves grew significantly."
QE相当于向银行买bond或者mbs,为什么会使bank reserve 增加呢?谢谢!
源_品职助教 · 2020年10月26日
嗨,爱思考的PZer你好:
原版书原文是这么表述的
“committed to large-scale, ongoing purchases of high-quality domestic fixed-income securities. These purchases were funded by creating an equally large quantity of bank reserves in the form of central bank deposits. As a result of QE, central bank balance sheets and bank reserves grew significantly and sovereign bond yields fell. ”
由此可见,这里的QE购买其实相当于一种准备金 reserves ,或者说它的作用和 reserves 是一样的,就是通过 发放reserves ,实现货币供给。
-------------------------------努力的时光都是限量版,加油!