Helicopters bearing gifts

adair-turner-2
Adair Turner wants to break the 'taboo' around helicopter money

Central banks in advanced economies are in uncharted waters. Asset purchase programmes have gone on longer and balance sheets ballooned by more than originally envisaged. Policy rates have been pushed below zero, creating the potential for unexpected, back-to-front effects – such as rising mortgage rates in Switzerland as banks search for profits. And still inflation refuses to rise in many countries.

The idea of helicopter money, or overt money finance (OMF), has been around for years, but it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.