3rd International Conference on Sovereign Bond Markets "Real and Financial Externalities of Non-Traditional Monetary Policy Tools"

In the wake of the recent financial crisis, monetary authorities around the globe have pursued various non-conventional measures of monetary policy (e.g. large purchases of sovereign bonds and other assets). The most prominent examples include Quantitative Easing (QE) in the United States, United Kingdom and European Union, as well as Quantitative and Qualitative Easing (QQE) in Japan. Yet, both the experience of policymakers with, and the understanding of academics and practitioners of the benefits and costs of these policies remain limited.