The Day After #5 – New frontiers for Central Banks

Central Banks (CBs) are by nature more flexible than governments. Thus, they have been the most proactive in this crisis, reintroducing large-scale asset-purchase programmes financed by money creation (QE policies). How far can they go? We argue here that┬áCBs are still far from being out of ammunition. Financial repression and fiscal dominance are here to … Continued

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