Central banksthe Fed, the Bank of Japan, the European Central Bank, the Peoples Bank of China, and

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Central banks—the Fed, the Bank of Japan, the European Central Bank, the People’s Bank of China, and others—have bought trillions of dollars of bonds. The Fed alone has bought $4 trillion worth.

What are the Fed’s policy tools and which policy tool did the Fed use to increase its assets to $4 trillion?

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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