HELICOPER MONEY AND THE PROSPECT OF IMPLEMENTATION IN VIETNAM DURING ECONOMIC CRISES

Nhat Chi Mai

No rcpk4, OSF Preprints from Center for Open Science

Abstract: As the current COVID-19 pandemic lingers on with its fallout agonizing several economies on the globe, a number of policy instruments have been summoned by governments to cope with the looming recession. Among those instruments is the contentious “helicopter money”, which has received the endorsement of multiple economists while many others consider it a too risky tactic to follow. This paper is going to discuss the suitability of implementing “helicopter money” in the context of Vietnam during economic crises, particularly with a focus on the ongoing novel coronavirus-induced economic downturn. The author also makes an attempt to clarify certain challenges that Vietnamese legislators should better study carefully if “helicopter money” is ever to be deployed, as well as the circumstances and extent of such deployment.

Date: 2020-07-14
New Economics Papers: this item is included in nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:rcpk4

DOI: 10.31219/osf.io/rcpk4

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