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In their first round of quantitative easing in the initial response to the crisis, the American central bank called the US Federal Reserve did so by buying back securities in the secondary market. And by the time that the US in late 2014 wound down the buying program the balance sheet of their central bank ...
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In their first round of quantitative easing in the initial response to the crisis, the American central bank called the US Federal Reserve did so by buying back securities in the secondary market. And by the time that the US in late 2014 wound down the buying program the balance sheet of their central bank ...
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Ann Pettifor considers the following as important:
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