Economics
Forget Helicopter Money, Helicopter Coupons May Work, OECD Says
- Policy makers have responsibility to fuel growth, Mann says
- OECD Chief Economist Mann comments in Bloomberg TV interview
OECD's Mann Floats Idea of Helicopter Shopping Coupons
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Free cash from the skies won’t boost growth but free shopping vouchers might, said Organisation for Economic Cooperation and Development Chief Economist Catherine Mann.
“Helicopter money by itself isn’t going to be any more effective at gaining economic growth than what the central banks have been doing already,” Mann told Francine Lacqua and Tom Keene on Bloomberg TV. As a saver, “you’re just going to take the helicopter money and put it in your mattress -- where you’ve been keeping the rest of it,” she said. “Now, helicopter shopping coupons: we could talk about that, where you actually have to go spend the money.”