Quantitative Easing: A Rationale and Some Evidence from Japan
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This paper reviews the rationale for quantitative easing when central bank policy rates reach near zero levels in light of recent announcements regarding direct asset purchases by the Bank of England, the Bank of Japan, the U.S. Federal Reserve and the European Central Bank. Empirical evidence from
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美国国家经济研究局创建时间:
2009-12-01



