Helicopter Money
What would the overt monetary financing of fiscal deficits involve? This column explains the differences between “printing money”, quantitative easing, and overt monetary finance. Lord Turner’s proposed “helicopter drop” raises issues for banks’ balance sheets and central bank independence. In the current debate about monetary policy, two terms are bandied about to the detriment of [...] View the full post at: Helicopter Money Related posts: Fed to Provide Unlimited Dollar Funding Under Swap Facilities Why Negative Nominal Interest Rates Miss the Point Five Forces Driving the EUR/USD Lower
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