Like, what's its purpose, and why is it so different from normal open-market operations? It seems like its just like open market operations, but just buying longer-term treasuries?
Like, what's its purpose, and why is it so different from normal open-market operations? It seems like its just like open market operations, but just buying longer-term treasuries?
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Yeah you're right. I mean I just described what the official role of the central bank is and what they are trying to achieve. Not that QE (or the other instruments) are actually working. It's evident that it's not working