Hüttl, Pia, Leandro, Alvaro, (2016), “Helicopter drops reloaded”, Bruegel Blog, 14 March
What’s at stake: Central banks have recently been scaling up their unconventional monetary policy measures. Discussions about helicopter money seem to be getting ever louder. We review the theoretical discussions, the effectiveness of tax-rebates and legal and political complications.
Relevant Posts
- De Santis A., Roberto, Legrenzi, Gabriella and Milas, Costas, (2015), “Fiscal policy adjustments in the euro area stressed countries: new evidence from non-linear models with state-varying thresholds”, ECB Working Paper Series, No 1858, October
- Mitchell, B. (2014) “Greece – return to growth demonstrates the role of substantial fiscal deficits”, Bill Mitchell Blog: Modern Macroeconomic Theory – Macroeconomic Reality, 19 Νovember.