Year: 2019
Type: article
Study design: Observational Study
Abstract: According to some economists, central banks should use ‘helicopter money’ to boost inflation (expectations). Based on a survey among Dutch households, we examine whether respondents would spend the money received via such a transfer. Our results show that respondents expect to spend about 30% of the transfer and that helicopter money would hardly affect inflation expectations. Furthermore, whether transfers come from the central bank or the government makes no difference. Finally, our results suggest that the effect of helicopter money on public trust in the ECB is ambiguous.
Source: Applied Economics
Authors: Maarten van Rooij, Jakob de Haan
Institutions: De Nederlandsche Bank, University of Groningen
Language: English
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W2944798499