Quite erroneous policy: bond-buying has little impact on real economy

Goodhart, C. & Wood, G. (2016). Quite erroneous policy: bond-buying has little impact on real economy. OMFIF Bulletin, 7(9), p. 13.
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At a time when interest rates, throughout the yield curve, are at an all-time low, it could be argued that the public sector, the biggest debtor, should be trying to lock in such rates by shifting to ever longer maturities and duration.

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