Orphanides, Athanasios; Ke, T. Tony - 2017
, the Bank of Japan and the ECB in relation to debt dynamics for the United States, Japan, Germany and Italy since the … effective, ECB policies have had decidedly uneven consequences on Germany and Italy. The normalization of the Federal Reserve … three central banks. While decisive QE policies by the Federal Reserve and, more recently, by the Bank of Japan have been …