What tools does the Fed have letf? Part3: Helicopdter money by Ben S. Bernanke published by Brookings (4/2016). “Money-financed fiscal programs (MFFPs), known colloquially as helicopter drops, are very unlikely to be needed in the United States in the foreseeable future. They also present a number of practical challenges of implementation, including integrating them into operational monetary frameworks and assuring appropriate governance and coordination between the legislature and the central bank…”
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