Do Central Bank Private Asset Purchases Actually Encourage Real Investment?

22/08/2017 6 min
Do Central Bank Private Asset Purchases Actually Encourage Real Investment?

Listen "Do Central Bank Private Asset Purchases Actually Encourage Real Investment?"

Episode Synopsis

Econometric evidence shows a pretty clear line between central bank unconventional monetary policy (outright purchases) and output - usually because of its effects via money policy mechanisms. What about its effects on real investment (like in DNA sequencers, 3D printers, IP patents and "real" investment)? For more, see: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3023795