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Helicopter money: The best policy to address high public debt and deflation

Biagio Bossone, Thomas Fazi, Richard Wood 01 October 2014

High debt and deflation have afflicted Japan, the Eurozone, and the US. However, the monetary and fiscal policies implemented so far have been disappointing. This column discusses the importance of helicopter money in the form of overt monetary financing in addressing these problems. Overt money financing is the policy with the highest impact in raising demand and output without increasing public debt and interest rates. 


Vox EU

by rz on Mon Oct 6th, 2014 at 03:58:20 PM EST

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