Riksbank’s Skingsley sees potential in helicopter money
Limited room for manoeuvre calls for more radical thinking, says deputy
Central bankers should at least consider using helicopter money as the scope for monetary policy becomes ever narrower, Sveriges Riksbank's Cecilia Skingsley said today (May 19).
Small, open economies such as Sweden find themselves in a particularly difficult position, as they are squeezed by falling global real interest rates and buffeted by monetary policy decisions in larger economies, the deputy governor told a conference in Stockholm.
It may no longer be possible to conduct policy in the
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