Saturday, 14 May 2016

Manna from Helicopters (Michael Biggs, Project-Syndicate)

In recent years, the global economy has been plagued by inadequate demand and the rising risk of deflation. Central banks have responded with a range of unconventional measures, including quantitative easing (QE) and negative interest rates. Today, however, there is a growing consensus that the efficacy of monetary stimulus has reached its limits. Further efforts to support economic recovery will likely require fiscal interventions, such as so-called helicopter money – the injection of funds into the economy by the central bank

https://www.project-syndicate.org/commentary/take-advantage-of-helicopter-money-by-michael-biggs-2016-05

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