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Understanding helicopter money

Author

Listed:
  • Delis, Manthos

Abstract

What are the policy tools in times of economic crises? What are the tools that governments and central banks have against the coronavirus crisis? This article briefly explains how several types of monetary policy can currently work, placing an emphasis on a form of helicopter money directed to affected firms. The proposition is that this type of monetary policy should be avoided in general, but it might yield beneficial results in the current European economy.

Suggested Citation

  • Delis, Manthos, 2020. "Understanding helicopter money," MPRA Paper 99548, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:99548
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    File URL: https://mpra.ub.uni-muenchen.de/99548/1/MPRA_paper_99548.pdf
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    More about this item

    Keywords

    Monetary policy; Helicopter money; Unconventional tools; Government debt;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G0 - Financial Economics - - General
    • G01 - Financial Economics - - General - - - Financial Crises

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