Jumpstarting Europe’s Economy
Not long ago, the notion of the ECB handing out money to governments or directly to citizens – so-called "helicopter money" drops – would have seemed outlandish. Today, the idea has gone mainstream, which represents a welcome shift in Europe's economic-policy debate.
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PARIS – Not so long ago, the notion of the European Central Bank handing out money to governments or directly to citizens – so-called “helicopter money” drops – would have seemed outlandish. But today a surprising number of mainstream economists and centrist politicians are endorsing the idea of monetary financing of stimulus measures in different forms.