TY  - UNPD
A1  - Fabo, Brian
A1  - Jančoková, Martina
A1  - Kempf, Elisabeth
A1  - Pástor, Ľuboš
T1  - Fifty shades of QE: conflicts of interest in economic research
T2  - Working paper series / Institute for Monetary and Financial Stability ; 147
N2  - Central banks sometimes evaluate their own policies. To assess the inherent conflict of interest, the authors compare the research findings of central bank researchers and academic economists regarding the macroeconomic effects of quantitative easing (QE). They find that central bank papers report larger effects of QE on output and inflation. Central bankers are also more likely to report significant effects of QE on output and to use more positive language in the abstract. Central bankers who report larger QE effects on output experience more favorable career outcomes. A survey of central banks reveals substantial involvement of bank management in research production.
T3  - Working paper series / Institute for Monetary and Financial Stability - 147 
Y1  - 2021
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/56444
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-564449
UR  - https://www.imfs-frankfurt.de/fileadmin/user_upload/IMFS_WP/IMFS_WP_147.pdf
IS  - November 18, 2020
PB  - Johann Wolfgang Goethe-Univ., Inst. for Monetary and Financial Stability
CY  - Frankfurt am Main
ER  -