Helicopter money: survey evidence on expectation formation and consumption behavior

Uros Djuric and Michael Neugart

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: We fielded a representative survey among the German population randomly assigning respondents to various unconventional monetary policy scenarios that raise household income. We find that in all policy treatments people spend almost 40% of the transfer. Spending shares are independent of whether the transfer is debt financed and provided by the government or provided by the central bank as "helicopter money".

JEL-codes: E21 E52 E58 E63 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-cta, nep-mac and nep-mon
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Helicopter money: survey evidence on expectation formation and consumption behaviour (2021)
Working Paper: Helicopter money: survey evidence on expectation formation and consumption behaviour (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168062

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