Are central banks out of ammunition to fight a recession: not quite. by Joseph E. Gagnon and Christopher G. Collins published by PIIE (11/2019), indicated by Alvaro Manoel. “Central banks in the three largest advanced economies (the United States, Japan, and the eurozone) have only limited ammunition to fight a recession based on the tools used to date. The Federal Reserve has the most amount of tried and tested ammunition in this group…”
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