Economic Progress

Helicopter monetary policy: What is it and can it benefit our economy?

A news helicopter flies past the full moon shining over Miami in a photo taken January 23, 2005. NO RIGHTS CLEARANCES OR PERMISSIONS ARE REQUIRED FOR THIS IMAGE. REUTERS/Marc Serota  MS/JRB - RP5DRIGFBGAA

What is helicopter money? Image: REUTERS/Marc Serota

Lucrezia Reichlin
Professor of Economics, London Business School
Michael Woodford
John Bates Clark Professor of Political Economy and CEPR Research Fellow, Columbia University
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