を比較したNBER論文が上がっている(ungated版)。論文のタイトルは「Forward Guidance in the Yield Curve: Short Rates versus Bond Supply」で、著者はRobin Greenwood(ハーバード大)、Samuel Hanson(同)、Dimitri Vayanos(LSE)。 以下はその要旨。 We present a model of the yield curve in which the central bank can provide market participants with forward guidance on both future short rates and on future Quantitative Easing (QE) operations, which affect bond sup