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Japan, why is the greater flexibility in government bond yields useless?
If inflation were to rise significantly, it could become the only way to devalue a public debt that has exceeded 250% of GDP.
If inflation were to rise significantly, it could become the only way to devalue a public debt that has exceeded 250% of GDP.
This move allows the Fed to move away from other models of financial conditions, such as those formulated by Goldman Sachs.