Australian governor Stevens sees more viable options than helicopter money
Reserve Bank of Australia governor identifies a host of practical issues to the policy
It would be a "very large step" to "overturn" the taboos surrounding helicopter money, the Reserve Bank of Australia's governor said on April 19, adding that central banks don't need to yet.
Speaking in New York, Glenn Stevens discussed the idea central banks could start putting money directly into individuals' bank accounts to encourage them to spend more. But policy of this nature would "really be" fiscal policy or a combined fiscal-monetary operation, he said.
"It could involve unrequited
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