MONETARY POLICY IN TIMES OF PANDEMIC: EVALUATION AND PROPOSAL OF THE HELICOPTER MONEY

被引:4
作者
Francisco Albert, Juan [1 ]
Tercero-Lucas, David [2 ]
机构
[1] Univ Valencia, IUDESCOOP, Valencia, Spain
[2] Univ Autonoma Barcelona, Barcelona, Spain
来源
REVISTA DE ECONOMIA MUNDIAL | 2020年 / 56期
关键词
monetary policy; helicopter money; crisis; DEBT;
D O I
10.33776/rem.v0i56.4723
中图分类号
F [经济];
学科分类号
02 ;
摘要
The Covid-19 pandemic has caused one of the most important crises since the Great Depression. In the face of this, greater coordination between monetary and fiscal policies is needed. In this article, the helicopter money proposal has been analyzed as a possible response to the crisis and as a complement to the measures adopted. After describing some historical evidence of the effects of the monetary helicopter, examining the different examples proposed in the literature, and assessing its strengths and weaknesses, a proposal for the eurozone has been articulated through the European Central Bank in cooperation with the European Investment Bank group.
引用
收藏
页码:35 / 55
页数:21
相关论文
共 50 条
[31]   The Effect of Monetary Policy on the Nigerian Deposit Money Bank System [J].
Ehimare, Omankhanlen Alex ;
Ikpefan, O. A. ;
Abiola, Babajide A. .
VISION 2020: SUSTAINABLE GROWTH, ECONOMIC DEVELOPMENT, AND GLOBAL COMPETITIVENESS, VOLS 1-5, 2014, :2684-2718
[32]   The e-money revolution: challenges and implications for monetary policy [J].
Palley, TI .
JOURNAL OF POST KEYNESIAN ECONOMICS, 2001, 24 (02) :217-233
[33]   Transmission of monetary policy in times of high household debt [J].
Kim, Youngju ;
Lim, Hyunjoon .
JOURNAL OF MACROECONOMICS, 2020, 63
[34]   MONETARY POLICY OF CENTRAL BANKS IN THE TIMES OF FINANCIAL CRISES [J].
Cernohorska, Libena ;
Flosova, Hana .
POLITICAL SCIENCES, LAW, FINANCE, ECONOMICS AND TOURISM, VOL II, 2014, :495-502
[35]   Monetary theory and policy: the difficult relationship of Menger's theory of money and his positions on currency reform and monetary policy [J].
Chaloupek, Guenther .
EUROPEAN JOURNAL OF THE HISTORY OF ECONOMIC THOUGHT, 2022, 29 (05) :836-854
[36]   Daily monetary policy reactions to the pandemic: The Australian case [J].
Burdekin, Richard C. K. ;
Nguyen, Quynh .
ECONOMIC ANALYSIS AND POLICY, 2023, 78 :24-32
[37]   The researches on the endogeneity of China's money supply and the change of monetary policy [J].
Xiao, WG ;
Shao, B ;
Xu, JJ .
PROCEEDINGS OF THE 2004 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE & ENGINEERING, VOLS 1 AND 2, 2004, :1693-1697
[38]   Monetary policy: Why money matters (and interest rates don't) [J].
Thornton, Daniel L. .
JOURNAL OF MACROECONOMICS, 2014, 40 :202-213
[39]   Does money matter in the CIS? Effects of monetary policy on output and prices [J].
Starr, MA .
JOURNAL OF COMPARATIVE ECONOMICS, 2005, 33 (03) :441-461
[40]   The Impact of Electronic Money on Monetary Policy: Based on DSGE Model Simulations [J].
Luo, Sumei ;
Zhou, Guangyou ;
Zhou, Jinpeng .
MATHEMATICS, 2021, 9 (20)