(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Helicopter money could be both the best and worst options for the European Central Bank if the euro-area slowdown morphed into a recession, according to a Peterson Institute paper.With monetary and fiscal policy limited — the former by a depleted toolbox, the latter by budget rules — handing out cash to the public could be an appealing alternative measure to combat a downturn, former IMF chief economist Olivier Blanchard wrote in the paper with Jean Pisani-Ferry.However, such …read more
Source:: Yahoo Finance
