Eric Lonergan on Helicopter Drops and How to Improve Monetary Policy
Macro Musings with David Beckworth
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What Is a Helicopter Drop?
The idea of helicopter drops is actually originated. by george w bush, because arguably combining ce with tax rebates amounts to the same thing. The only difference really here is an institutional one, which is, instead of relying on the government of the day or popolitical machinations, you can just empower the central bank to do it itself. And in fact, i think there is now one central bank that has pretty much said that they would consider doing this,. iss check central bank have written a paper saying if we were to get a recestion at this point, that's what we do.
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