Helicopter money would have little impact, Dutch paper says
Household survey suggests little impact on inflation expectations, researchers argue
A "helicopter drop" of money to households by the European Central Bank would have little impact on eurozone inflation expectations, a working paper published by the Netherlands Bank argues.
In Will helicopter money be spent? New evidence, Maarten van Rooij and Jakob de Haan present the results of a survey of more than 2,000 Dutch households. Participants were asked whether they would spend the money transferred to them by a "helicopter drop".
The authors say their findings suggest that only a
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