Book notes: Quantitative easing, by Jonathan Ashworth
Well-documented and comprehensive book for anyone wanting overview of monetary policy evolution over recent decades
Jonathan Ashworth, Quantitative easing: the great central bank experiment, Agenda Publishing, 2020, 192 pages
Twenty years ago, in March 2001, grappling with the apparent limits of conventional monetary policy and persistently low inflation, the Bank of Japan launched the first modern quantitative easing (QE) programme. For most other central bankers, it remained something of a Japanese oddity for several years. But since the crisis and recession of 2008/09, as many other advanced-country
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