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Quantifying the Costs and Benefits of Quantitative Easing

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NBER2022-12-01 更新2025-01-04 收录
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We conduct a systematic analysis of the costs and benefits of large-scale securities purchases, using the Federal Reserves QE4 program as a concrete example. This program was initiated at the onset of the pandemic in March 2020 and continued for two years, leading to a doubling of the Feds

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2022-12-01
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