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Bond Buys Here to Stay Despite Fed Taper, Research Suggests
Maybe it will be QE infinity after all. Global central banks resorted to a range of new tools to deal with the deepest economic downturn in generations, including bond purchases that have proven controversial even within the Federal Reserve. A new paper from Harvard University economist Benjamin Friedman, published by the National Bureau of Economic Research, argues that asset buying may turn into a permanent fixture of central banking.
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