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Helicopter Money: Should Central Banks Rain Money from the Sky?

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  • Ansgar Belke

    (University of Duisburg-Essen)

Abstract

Ultra-low interest rates have become an endemic and potentially problematic characteristic of the global economy. Central banks in the euro area, the United States, Japan and Australia have bet on lowering interest rates to increase inflation, but despite their efforts, core inflation remains stubbornly below the desired two per cent. However, central banks have another tool at their disposal that has the potential to stimulate inflation: helicopter money.

Suggested Citation

  • Ansgar Belke, 2018. "Helicopter Money: Should Central Banks Rain Money from the Sky?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 53(1), pages 34-40, January.
    • Handle: RePEc:spr:intere:v:53:y:2018:i:1:d:10.1007_s10272-018-0716-9
    DOI: 10.1007/s10272-018-0716-9
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    Cited by:

    1. Mai, Nhat Chi, 2020. "Helicoper Money And The Prospect Of Implementation In Vietnam During Economic Crises," OSF Preprints rcpk4, Center for Open Science.
    2. Mojmir Hampl & Tomas Havranek, 2020. "Central Bank Equity as an Instrument of Monetary Policy," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 62(1), pages 49-68, March.

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