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Jon Hartley and Alessandro Rebucci: Quantitative Easing Is Dead, Long Live Quantitative Easing

Quantitative easing in the form of government-asset purchases is becoming less effective, but the Fed has plenty of ammunition intervening in corporate-bond markets. Global central banks are changing their playbooks to respond to the COVID-19 outbreak, adopting unprecedented monetary-policy tools. The pandemic came at a time of near-zero

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Posted: June 12, 2020 Friday 06:30 AM