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Is it time to slay some sacred cows about financing growth?

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Published Tue, May 17, 2016 · 09:50 PM

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Tokyo

ARE we entering, almost without realising it, a new paradigm of combined fiscal and monetary policy and, if so, does that mean conventional wisdom about the need for independent central banks and for governments to be beholden to them is outdated?

It is tempting to think so.

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