Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap
收藏NBER2003-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10163
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资源简介：
The paper provides a formalisation of the monetary folk proposition that fiat base money is an asset of the holder but not a liability of the issuer. The issuance of irredeemable fiat base money can have pure fiscal effects on private demand. With irredeemable fiat base money, weak restrictions on
提供机构：
美国国家经济研究局
创建时间：
2003-12-01
