Carney dismisses call for helicopter money

Milton Friedman first coined the term 'helicopter money'

Bank of England (BoE) governor Mark Carney yesterday dismissed the possibility of advanced-economy central banks stimulating the economy via direct financing of government debt.

Direct monetary financing would see a central bank purchase government debt by issuing new currency. The government would then pass this on to the public via tax cuts or public spending.

The policy is often referred to as ‘helicopter money' after a proposal by Milton Friedman that freshly printed banknotes could be showe

To continue reading...

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 indvidual account here: