Helicopter money as a policy option

“Helicopter money” is the overt monetary financing of government deficits. This is an unconventional policy option that some economists are starting to consider as a possible solution to the persistently weak economic conditions in Europe.

This article recounts a policy debate on helicopter money that was held at LBS in April 2013 among three of the world’s leading monetary economists: Lucrezia Reichlin, Adair Turner and Michael Woodford.

Go to the article.