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


Supervisor
Salvatore Nisticò - Sapienza Università di Roma

Date and time
Wednesday, June 15, 2022 at 12:00 PM - In presenza + Zoom webinar

Contact person
Alessia Campolmi

Publication date
January 19, 2022

Department
Economics  

Summary

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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