Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 15, 2022 erstellt
Description:
Helicopter money has long been a thought experiment, impossible to implement in the real world. Today, digital technologies make it a realistic option for central banks. We study the effectiveness of helicopter money through the issuance of central bank digital currencies (CBDC) by means of a stock-flow consistent model of a growing open economy. We compare the effectiveness of this tool with that of traditional fiscal and monetary policies