Coronavirus - The Moment for Helicopter Money?

Bogdan Andrei Tiliuță () and Ioana Raluca Diaconu ()
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Bogdan Andrei Tiliuță: PhD student at Alexandru Ioan Cuza University of Iași, Faculty of Economics and Business Administration Iași, Romania
Ioana Raluca Diaconu: assistant professor at Alexandru Ioan Cuza University of Iaşi, Faculty of Economics and Business Administration Iaşi, Romania

CES Working Papers, 2021, vol. 12(4), issue 4, 244-256

Abstract: The coronavirus crisis has unquestionably been a challenge globally and felt like an economic and psychological shock caused by the high number of illnesses and deaths caused by the virus. The drastic measures of physical distance and isolation have led to major economic effects. In this regard, our paper is trying to answer to the question if the unconventional methods would be effective in saving the economy burdened by the pandemic crisis and especially if "launching money from the helicopter" strategy is viable for the economy. We presented a series of government measures taken by countries affected and the analysis of the literature of the concept of "helicopter money". At the same time, the article reveals the exposure of the economic consequences resulting from the application of this unconventional solution, meant to restart afflicted economies.

Keywords: helicopter money; COVID-19; financial impact; pandemics; central bank (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2020:v:12:i:4:p:244-256

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