Biggs, Michael, (2016), “Manna from Helicopters”, Project Syndicate, 13 Μαΐου
In recent years, the global economy has been plagued by inadequate demand and the rising risk of deflation. Central banks have responded with a range of unconventional measures, including quantitative easing (QE) and negative interest rates. Today, however, there is a growing consensus that the efficacy of monetary stimulus has reached its limits. Further efforts to support economic recovery will likely require fiscal interventions, such as so-called helicopter money – the injection of funds into the economy by the central bank.
Σχετικές Αναρτήσεις
- Heise, Michael, (2016), “The Case Against Helicopter Money”, Project Syndicate, 20 Απριλίου
- Hüttl, Pia, Leandro, Alvaro, (2016), “Helicopter drops reloaded”, Bruegel Blog, 14 Μαρτίου