Chapter Checkpoint
Study Plan Problems and Applications
Central bankers warn of QE threat to budget discipline
The German and Dutch central bank presidents warn that quantitative easing and low interest rates make discipline in government budgeting more important. Debt and deficits must be cut.
Source: Financial Times, March 13, 2015
How might a government budget deficit and debt threaten financial stability and make the central bank’s job harder?
Use the following information to work Problems 2 to 4.
Suppose that the U.S. economy is at full employment ...
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