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LUND UNIVERSITY LIBRARIES

The Impact of Quantitative Easing on Government Bond Yields

Johnsson, Anton LU (2024) NEKN01 20241
Department of Economics
Abstract (Swedish)
This thesis concerns the matter regarding the impact of quantitative easing on government bond yields. The extensive use of asset purchase programmes in the beginning of this century has raised a number of discrepancies for researchers to unravel. By applying a SVAR on time series data of Sweden, Australia, the United Kingdom and the United States and using impulse response analysis we try to contribute to the existing literature. Our results show great ambiguity, some consistent with the existing theory and literature and some not. The overall assessment highlights the complexity of quantitative easing which is yet to be fully understood. Future researchers may find guidance in our results to conduct further research of great importance... (More)
This thesis concerns the matter regarding the impact of quantitative easing on government bond yields. The extensive use of asset purchase programmes in the beginning of this century has raised a number of discrepancies for researchers to unravel. By applying a SVAR on time series data of Sweden, Australia, the United Kingdom and the United States and using impulse response analysis we try to contribute to the existing literature. Our results show great ambiguity, some consistent with the existing theory and literature and some not. The overall assessment highlights the complexity of quantitative easing which is yet to be fully understood. Future researchers may find guidance in our results to conduct further research of great importance for monetary policy makers. (Less)
Please use this url to cite or link to this publication:
author
Johnsson, Anton LU
supervisor
organization
course
NEKN01 20241
year
type
H1 - Master's Degree (One Year)
subject
keywords
quantitative easing, government bond yields, SVAR, impulse response analysis, monetary policy
language
English
id
9156626
date added to LUP
2024-10-01 13:06:38
date last changed
2024-10-01 13:06:38
@misc{9156626,
  abstract     = {{This thesis concerns the matter regarding the impact of quantitative easing on government bond yields. The extensive use of asset purchase programmes in the beginning of this century has raised a number of discrepancies for researchers to unravel. By applying a SVAR on time series data of Sweden, Australia, the United Kingdom and the United States and using impulse response analysis we try to contribute to the existing literature. Our results show great ambiguity, some consistent with the existing theory and literature and some not. The overall assessment highlights the complexity of quantitative easing which is yet to be fully understood. Future researchers may find guidance in our results to conduct further research of great importance for monetary policy makers.}},
  author       = {{Johnsson, Anton}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Impact of Quantitative Easing on Government Bond Yields}},
  year         = {{2024}},
}