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Unwinding quantitative easing

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In the summer of 2017 there has been much discussion of ‘unwinding’ quantitative easing. This would mean the central banks of countries like the USA, UK, Japan, Switzerland and Sweden as well as the European Central Bank selling back to amrkets the bonds of their own governments that they have bought since 2009. The policy has significant implications. This post explains the background ti the issue and what the implications are.

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