Tyson, Laura, Labaye, Eric, (2016), “Jumpstarting Europe’s Economy”, Project Syndicate, 25 June
Not so long ago, the notion of the European Central Bank handing out money to governments or directly to citizens – so-called “helicopter money” drops – would have seemed outlandish. But today a surprising number of mainstream economists and centrist politicians are endorsing the idea of monetary financing of stimulus measures in different forms.This represents a much-needed change in the conversation – one that, at long last, finally puts the focus squarely on stimulating the demand side of the European economy. After years of stagnant growth and debilitating unemployment, all options, no matter how unconventional, should be on the table.
Relevant Posts
- Dąbrowski, Marek, (2016), “Interaction between monetary policy and bank regulation: lessons for the ECB”, CASE Networks Studies & Analyses No 480 2/2016
- Ligthart, Nick, Mody, Ashoka, (2016) ,”The ECB can make a difference if deeds match words”, Voxeu, 14 April