FT Professional Glossary

Helicopter money

An unconventional monetary policy tool that involves printing large sums of money and distributing it to the public to spur economic growth

Example usage from an FT article:

When the economy is hit by an external shock (hi, Covid!), a fiscal package in the form of helicopter money can very quickly lead to a recovery of production to the pre-shock levels.

Excerpt from "Time for some Agency in central bank modelling"

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