Highlights
Question
Analyze the implementation of unconventional monetary policy by ONE of the following central banks:
the US Federal Reserve
the European Central Bank
the Bank of England
the Bank of Japan
The analysis should include:
the context through which the (chosen) central bank decided to pursue unconventional monetary policy;
the effectiveness as well side effects of the unconventional monetary policy action;
any lessons for the RBA had they needed to use unconventional tools.
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