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Ray Dalio calls that "monetary policy 3". (MP1 is lowering interest rates, MP2 is buying financial assets.) In this article he gives some examples of forms of
by wcoenen 7y ago
Ray Dalio calls that "monetary policy 3". (MP1 is lowering interest rates, MP2 is buying financial assets.)
In this article he gives some examples of forms of MP3 in the past:
https://www.linkedin.com/pulse/its-time-look-more-carefully-monetary-policy-3-mp3-modern-ray-dalio/ https://www.linkedin.com/pulse/its-time-look-more-carefully-...