"Use helicopter vouchers" to stimulate growth: OECD economist

Catherine Mann of OECD said helicopter money would be hoarded

Helicopter money is increasingly being considered as a solution to stalled economic growth

Free cash from the skies won’t boost growth but free shopping vouchers might, said Organisation for Economic Cooperation and Development Chief Economist Catherine Mann.

“Helicopter money by itself isn’t going to be any more effective at gaining economic growth than what the central banks have been doing already,” Mann said in an interview with Bloomberg today. As a saver, “you’re just going to take the helicopter money and put it in your mattress ...