Helicopter Money: What Is It and What Does It Do?
نویسندگان
چکیده
We review the different meanings of helicopter money, both in literature and public debate around it, we clarify conditions under which money can have an impact on real activity. To do so, set out a simple model that encapsulates number potential channels policy transmission. The provides taxonomy possibilities for to affect economy, as well benchmark is neutral. use analyze discuss drops might response economic shocks, including financial crisis, fiscal pandemic.
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ژورنال
عنوان ژورنال: Annual Review of Economics
سال: 2022
ISSN: ['1941-1383', '1941-1391']
DOI: https://doi.org/10.1146/annurev-economics-051420-020618