The Economics of Helicopter Money* (Benigno P., Nisticò S.)


Relatore
Salvatore Nisticò - Sapienza Università di Roma

Data e ora
mercoledì 15 giugno 2022 alle ore 12.00 - In presenza + Zoom webinar

Referente
Alessia Campolmi

Data pubblicazione
19 gennaio 2022

Dipartimento
Scienze Economiche  

Riassunto

An economy plagued by a slump and in a liquidity trap has some options to exit the crisis. We discuss helicopter money and other equivalent policies that can reflate the economy and boost consumption. Traditional helicopter money, via the joint cooperation between the treasury and the central bank, depends critically on the central bankfully guaranteeing treasury's debt. We show that the central bank can do  helicopter money on its own, without any treasury's involvement.

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