Helicopter money (Monetary policy)

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Information for Authority record

Name (Latin)

Other forms of name

Helicopter drop (Monetary policy)

Wikidata: Q23409240

Library of congress: sh2017005034

Sources of Information

Work cat.: Ku, Stanley. Helicopter money, 2014:title page (subtitle: history and suggestions about the power to print money) page I (Helicopter drop of money; Helicopter drop; a term coined by Milton Friedman in 1969; in 2002, Ben Bernanke ... put the "helicopter drop of money" concept on newspaper headlines with his speech on deflation-fighting policies)
World Economic Forum WWW site, November 29, 2017(under "What is helicopter money?": Helicopter money is a reference to an idea made popular by the American economist Milton Friedman in 1969; the basic principle is that if a central bank wants to raise inflation and output in an economy that is running substantially below potential, one of the most effective tools would be simply to give everyone direct money transfers; key difference between Quantitative Easing (QE) and Helicopter money is that the former involves large-scale purchases of assets from financial markets by the central banks through asset swaps, whereas the latter entails direct transfers of money into people's accounts)
Wikipedia, November 29, 2017(Helicopter money: a tool of unconventional monetary policy that has been proposed as an alternative to quantitative easing (QE) when interest rates are close to zero and the economy remains weak or enters recession)

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Helicopter money

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