Open-market operations
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Open-market operations is the purchase or sale of government bonds by the central bank for the purpose of increasing or decreasing the money supply. Optimize]]. To achieve the best possible outcome subject to a set of constraints.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Open-market operations. The purchase or sale of government bonds by the central bank for the purpose of increasing or decreasing the money supply. Optimize]]. To achieve the best possible outcome subject to a set of constraints.
