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This paper provides a novel analysis of quantitative easing (QE) that focuses on its implicit fiscal dimension. The first segment examines the theory of the liquidity trap and introduces a distinction between a "weak" and "strong" liquidity trap. The second segment analyzes the impact of QE...
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Umverteilung zu Lasten der Zentralbank und zu Gunsten der Kreditinstitute induziert wird. In Deutschland ist die Geldkarte die …
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