G2TT
来源类型Discussion paper
规范类型论文
来源IDDP17180
DP17180 Helicopter money: what is it and what does it do?
Silvana Tenreyro
发表日期2022-04-04
出版年2022
语种英语
摘要We review the different meanings of helicopter money both in the literature and in the public debate around it, and clarify the conditions under which helicopter money can have an impact on real activity. To do so, we set out a simple model that encapsulates a number of potential channels of policy transmission. The model provides a taxonomy of possibilities for helicopter money to affect the economy, as well as a benchmark set of conditions under which it is neutral. We use the model to analyse and discuss the impact that helicopter drops might have in response to a number of economic shocks, including a financial crisis, a fiscal crisis, and a pandemic.
主题Monetary Economics and Fluctuations
关键词Fiscal monetary interactions Central bank balance sheet
URLhttps://cepr.org/publications/dp17180
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/546174
推荐引用方式
GB/T 7714
Silvana Tenreyro. DP17180 Helicopter money: what is it and what does it do?. 2022.
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