Helicopter money is not just another version of unconventional monetary policy. Using simple central bank and government balance sheets, this column explains how helicopter money today is different from what Milton Friedman imagined back in 1969 – it is expansionary fiscal policy financed by central bank money.Vox EU
A primer on helicopter money
Stephen Cecchetti, Professor of International Economics at the Brandeis International Business School, and Kim Schoenholtz, Professor of Management Practice, NYU Stern School of Business
