Box B: Quantitative Easing, Fiscal Policy and Central Bank Recapitalisation

Jagjit Chadha ()

National Institute Global Economic Outlook, 2024, issue 15, 41-43

Abstract: Asset purchase programmes have now become a significant financial loss maker for central banks around the world. The losses raise questions about the value for money of these programmes, the extent to which they have distorted fiscal policy choices and whether the losses ultimately may undermine the notion of central bank independence.

Date: 2024
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