The Impact of Central Bank Stock Purchases: Evidence from Discontinuities in Policy Rules -- by Masao Fukui, Masayuki Yagasaki

We are especially grateful to Emi Nakamura for her continued encouragement and support. We thank Manuel Amador, Jun Aoyagi, Anmol Bhandari, Ricardo Caballero, Gabriel Chodorow-Reich, Michael Droste, Xavier Gabaix, Dejanir Silva, Alp Simsek, Jón Steinsson, and seminar participants at UC Berkeley, Minnesota, the Bank of Japan, SED, Barcelona Summer Forum, NBER Summer Institute (ME), Hitotsubashi, and Columbia Japan Economic Seminar for helpful comments. We also thank Hannah Rhodenhiser for excellent research assistance. Fukui gratefully acknowledges the financial support from the George-Orbis Shultz Fund. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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