Quantitative Easing and Residential Bank Lending: A Panel Data Study of Swedish Banks
In response to a period of low inflation and near-zero interest rates, the Swedish central bank initiated Quantitative Easing (QE) in 2015. While the impact of QE on bank lending has been studied in the US and UK, its effects in Sweden remains under-researched. We study the effects of QE on residential bank lending in Sweden through the liquidity, bank lending and bank capital channels. Using a on