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a) What are the advantages of quantitative easing as an alternative to conventional monetary policy when short-term interest rates are at the zero lower bound?
a) What are the advantages of quantitative easing as an alternative to conventional monetary policy when short-term interest rates are at the zero lower bound? Provide examples based on US monetary policy. b) What are the disadvantages of quantitative easing as an alternative to conventional monetary policy when short-term interest rates are at the zero lower bound? Provide examples based on US monetary policy.
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