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An economy has fallen into the liquidity trap and the central bank is buying large amounts of government bonds and doing forward guidance. Consequently, the
An economy has fallen into the liquidity trap and the central bank is buying large amounts of government bonds and doing forward guidance. Consequently, the central bank is
- doing (YCC) policy
- doing (QE)
- monetizing the deficit
- combining and YCC and QE
- Not enough information is supplied to provide an answer
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Macroeconomics
Authors: Stephen D. Williamson
6th Edition
013447211X, 134472119, 978-0134472119
