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Helicopter Drops and Liquidity Traps / Manuel Amador, Javier Bianchi.
- Format:
- Book
- Author/Creator:
- Amador, Manuel.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31046.
- NBER working paper series no. w31046
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- We show that if the central bank operates without commitment and faces constraints on its balance sheet, helicopter drops can be a useful stabilization tool during a liquidity trap. With commitment, even with balance sheet constraints, helicopter drops are, at best, irrelevant.
- Notes:
- Print version record
- March 2023.
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