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Macroeconomic and Fiscal Consequences of Quantitative Easing

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NBER2026-06-01 更新2026-06-11 收录
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Quantitative easing (QE) has been criticized for helping fuel the post-COVID inflation boom and causing large central bank losses. In this paper, we argue that QE should be evaluated mainly on its ability to achieve core macro-objectives as well for its effects on the consolidated fiscal position of

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2026-06-01
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