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Beyond Quantitative Easing

After 2008, when financial crisis wrecked the global economy, central banks needed a way to artificially stimulate economic growth. And so many of them enacted quantitative easing, a policy in which a central bank expands monetary supply through a bond-buying program. That policy, however, has run its course. The road beyond quantitative easing will be littered with higher rates of government spending — a daunting prospect for governments that are already dealing with elevated debt levels.

Quantitative easing has run its course, and the road beyond this policy will be littered with higher rates of government spending.
(Reserve Bank of Australia via Getty Images)
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