Category: Emily Yan
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We have seen rapid expansion of the Federal Reserve’s balance sheet to combat the Covid-19 crisis, but since 2022, the Fed has shifted to quantitative tightening to normalize the economy. Now, three years later, we observe the successes of quantitative tightening along with incoming challenges that threaten a smooth landing. Image Source: Tim Evanson Written…
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Karthikeyan Perumal China has a history of implementing high levels of a monetary policy known as sterilization to manage its increasing foreign exchange reserves and crawling peg exchange rate. How do these policies work and how have they evolved over the years? In the face of new macroeconomic developments, what changes are necessary? Written by…
The Economics Review 