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The Corona Crisis - is this the time for Helicopter Money?

Author

Listed:
  • Marc C. Adam

    (Forum New Economy)

Abstract

This paper first describes the basic idea of Helicopter Money and the context in which it evolved from Milton Friedman’s famous 1969 essay until today. We discuss the challenges facing advanced economies, to which Helicopter Money has been proclaimed a possible solution. The paper provides a review of the recent debate around Helicopter Money and discusses the effectiveness of this tool in the current and future crises.

Suggested Citation

  • Marc C. Adam, 2020. "The Corona Crisis - is this the time for Helicopter Money?," Basic Papers 1, Forum New Economy, revised Apr 2020.
    • Handle: RePEc:agz:bpaper:2001
    as

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    File URL: https://newforum.org/wp-content/uploads/2021/07/FNE-BP01-2020.pdf
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    References listed on IDEAS

    as
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    7. Galí, Jordi, 2020. "The effects of a money-financed fiscal stimulus," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 1-19.
    8. Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, vol. 93(1), pages 1-14, March.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Helicopter Money; central bank; fiscal policy;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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