Quantitative easing and large-scale central bank asset purchases are closely intertwined with government debt issuance and fiscal deficits, significantly impacting the broader budgetary and economic landscape.
The claim states that quantitative easing significantly impacts the US budget deficit. Papers [2], [5], and [9] all support the strong interaction between central bank asset purchases (quantitative easing/Treasury purchases) and government fiscal operations, deficits, and debt management. No papers refute this relationship.