Book notes: Quantitative easing, by Jonathan Ashworth

Quantitative easing: the great central bank experiment, by Jonathan Ashworth

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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