What tools does the Fed have left? Part 3: Helicopter money
www.brookings.edu
the direct effects of the public works spending on GDP, jobs, and income;
the increase in household income from the rebate, which should induce greater consumer spending;
a temporary increase in expected inflation, the result of the increase in the money supply. Assuming that nominal interest rates
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- the direct effects of the public works spending on GDP, jobs, and income; the increase in household income from the rebate, which should induce greater consumer spending; a temporary increase in expected inflation, the result of the increase in the money supply. Assuming that nominal interest rates are pinned near zero, higher expected inflation i...
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