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The Recession Paradox | Alfonso Peccatiello
Forward Guidance
The Fiscal Deficits of the Federal Reserve
The idea behind the fiscal deficits is that even without quantitative easing, the government doesn't take resources away from the private sector. When the government does fiscal deficits to a big route of increasing the bank deposits for Jack, it also increases the bank reserves. And this bank reserves are used to purchase the bonds that the government issues to match their funding.
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