George Selgin on Average Inflation Targeting and *The Menace of Fiscal QE*
Macro Musings with David Beckworth
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What Is Quase Fiscal Quantitative Easing?
When it first came out, we called it unconventional. And what we're going t talk about to day is moving to the unconventional space. Japan's emphasis, as you noted, was just increasing bank reserves. They were focused on the liability side of their balance sheet. But in any case, it's a large expansion of the central bank's balance sheet.
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