THE STATE

The Corona Crisis - Is this the time for Helicopter Money?

Marc Adam explains the concept of helicopter money and analyzes the discussion around it. Input for the session on central bank action during the corona crisis.

BY

MARC ADAM

PUBLISHED

22. APRIL 2020

With this paper, Marc Adam is giving an important input to the session on helicopter money during our Corona economic Workshop.

 

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For decades, there was a consensus that reducing the role of the state and cutting public debt would generate wealth. This contributed to a chronic underinvestment in education and public infrastructure. New research focuses on establishing when and how governments need to intervene to better contribute to long-term prosperity and to stabilize rather than aggravate economic fluctuations.

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