Cecchetti, Stephen, Schoenholtz, Kim, (2016), “A primer on helicopter money”, Voxeu, 19 Αυγούστου
Helicopter money is not just another version of unconventional monetary policy. Using simple central bank and government balance sheets, this column explains how helicopter money today is different from what Milton Friedman imagined back in 1969 – it is expansionary fiscal policy financed by central bank money.
Σχετικές Αναρτήσεις
- Muellbauer, John, (2016), “Helicopter money and fiscal rules”, Voxeu, 10 Ιουνίου
- Kay, John, (2016), “Helicopter Money: A Disguise For Debt Financing Funded By Short-Term Borrowing”, Social Europe, 2 Ιουνίου
