Comment: Winds of change may bring helicopter money with them
The term ‘helicopter money’ was coined in 1969 by Milton Friedman, but is now forcing its way back onto the banking agenda
After years of monetary easing, many central banks globally appear to be at the lower degree of normal interest rate policy. With rates now essentially as low as possible and waning effects of quantitative easing (QE), the monetary policy used to stimulate the economy when standard policy has become ineffective, central banks are looking for a new strategy to stoke global growth and inflation.
“Helicopter money” is somewhat reluctantly being discussed as the ...
