An article in the New York Times states that the Bank of Japan, the central bank ...

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An article in the New York Times states that "the Bank of Japan, the central bank ... is creating money on a vast scale by buying government bonds." How can a central bank "create money" by buying bonds? Doesn't the government create money by printing currency? Briefly explain.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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