{"id":"https://openalex.org/W2188449354","doi":null,"title":"Monetary policy after quantitative easing: The case for asset based reserve requirements (ABRR) 1","display_name":"Monetary policy after quantitative easing: The case for asset based reserve requirements (ABRR) 1","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W2188449354","mag":"2188449354"},"language":"en","primary_location":{"id":"mag:2188449354","doi":null,"is_oa":false,"landing_page_url":"https://www.nbp.pl/badania/seminaria/21xi2014.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5012301911","display_name":"Thomas I. Palley","orcid":"https://orcid.org/0000-0002-0319-3157","observed_orcids":["https://orcid.org/0000-0002-0319-3157"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Thomas I. Palley","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-0319-3157","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5012301911"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.8131,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.81666417,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.0034000000450760126,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.0017000000225380063,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/quantitative-easing","display_name":"quantitative easing","score":0.7239999771118164},{"id":"https://openalex.org/keywords/excess-liquidity","display_name":"excess liquidity","score":0.8180000185966492},{"id":"https://openalex.org/keywords/federal-reserve","display_name":"Federal Reserve","score":0.8199999928474426},{"id":"https://openalex.org/keywords/seigniorage","display_name":"seigniorage","score":0.7940000295639038},{"id":"https://openalex.org/keywords/financial-sector-size","display_name":"financial sector size","score":0.6880000233650208},{"id":"https://openalex.org/keywords/financial-market-stability","display_name":"financial market stability","score":0.503000020980835}],"concepts":[{"id":"https://openalex.org/C29185160","wikidata":"https://www.wikidata.org/wiki/Q874727","display_name":"Quantitative easing","level":4,"score":0.8774291276931763},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6439122557640076},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.5879163146018982},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5740333795547485},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5679754614830017},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.561192512512207},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.5610628724098206},{"id":"https://openalex.org/C134121241","wikidata":"https://www.wikidata.org/wiki/Q899301","display_name":"Yield (engineering)","level":2,"score":0.5009095668792725},{"id":"https://openalex.org/C150149615","wikidata":"https://www.wikidata.org/wiki/Q1058762","display_name":"Reserve requirement","level":4,"score":0.5003347396850586},{"id":"https://openalex.org/C57031852","wikidata":"https://www.wikidata.org/wiki/Q5419533","display_name":"Excess reserves","level":5,"score":0.4854203164577484},{"id":"https://openalex.org/C8573378","wikidata":"https://www.wikidata.org/wiki/Q923190","display_name":"Liquidity trap","level":4,"score":0.4236270785331726},{"id":"https://openalex.org/C189259953","wikidata":"https://www.wikidata.org/wiki/Q1042259","display_name":"Liquidity risk","level":3,"score":0.3017033040523529},{"id":"https://openalex.org/C2992735868","wikidata":"https://www.wikidata.org/wiki/Q66344","display_name":"Central bank","level":3,"score":0.28243911266326904},{"id":"https://openalex.org/C191897082","wikidata":"https://www.wikidata.org/wiki/Q11467","display_name":"Metallurgy","level":1,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:2188449354","doi":null,"is_oa":false,"landing_page_url":"https://www.nbp.pl/badania/seminaria/21xi2014.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":3,"referenced_works":["https://openalex.org/W429772433","https://openalex.org/W1945199243","https://openalex.org/W2164196847"],"related_works":["https://openalex.org/W2181734132","https://openalex.org/W1512846345","https://openalex.org/W7170154443","https://openalex.org/W2158061407","https://openalex.org/W597041765","https://openalex.org/W4242103794","https://openalex.org/W7096858100","https://openalex.org/W2353029747","https://openalex.org/W1550474733","https://openalex.org/W2617259178"],"abstract_inverted_index":{"This":[0,82],"paper":[1,46],"critiques":[2],"the":[3,33,57,71],"Federal":[4],"Reserve\u2019s":[5],"quantitative":[6],"easing":[7],"(QE)":[8],"exit":[9,50],"strategy":[10,51],"which":[11,55,77],"aims":[12],"to":[13,26],"deactivate":[14],"excess":[15],"liquidity":[16],"via":[17,95],"higher":[18,65],"interest":[19,66],"rates":[20],"on":[21,53],"reserves.":[22],"That":[23],"is":[24,83,105],"equivalent":[25],"giving":[27],"banks":[28],"a":[29,101],"tax":[30],"cut":[31],"at":[32],"public\u2019s":[34],"expense.":[35],"It":[36],"also":[37,69],"risks":[38],"domestic":[39],"and":[40,60,98],"international":[41],"financial":[42,61,102],"market":[43,62],"turmoil.":[44],"The":[45],"proposes":[47],"an":[48],"alternative":[49],"based":[52],"ABRR":[54,68,91],"avoids":[56],"adverse":[58],"fiscal":[59,93],"impacts":[63],"of":[64,73],"rates.":[67],"increase":[70],"number":[72],"monetary":[74],"policy":[75],"instruments":[76],"can":[78,99],"permanently":[79],"improve":[80],"policy.":[81],"especially":[84],"beneficial":[85],"for":[86],"euro":[87],"zone":[88],"countries.":[89],"Furthermore,":[90],"yield":[92],"benefits":[94],"increased":[96],"seignorage":[97],"shrink":[100],"sector":[103],"that":[104],"too":[106],"large.":[107]},"counts_by_year":[{"year":2017,"cited_by_count":1}],"updated_date":"2026-09-26T08:19:03.415552","created_date":"2016-06-24T00:00:00"}
