Coronavirus - The Moment for Helicopter Money?

The coronavirus crisis has unquestionably been a challenge globally and felt like an economic and psychological shock caused by the high number of illnesses and deaths caused by the virus. The drastic measures of physical distance and isolation have led to major economic effects. In this regard,...

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Main Authors: Bogdan Andrei TILIUȚĂ, Ioana Raluca DIACONU
Format: Article
Language:English
Published: Alexandru Ioan Cuza University of Iasi 2021-02-01
Series:CES Working Papers
Subjects:
Online Access:https://ceswp.uaic.ro/articles/CESWP2020_XII4_TIL.pdf
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author Bogdan Andrei TILIUȚĂ
Ioana Raluca DIACONU
author_facet Bogdan Andrei TILIUȚĂ
Ioana Raluca DIACONU
author_sort Bogdan Andrei TILIUȚĂ
collection DOAJ
description The coronavirus crisis has unquestionably been a challenge globally and felt like an economic and psychological shock caused by the high number of illnesses and deaths caused by the virus. The drastic measures of physical distance and isolation have led to major economic effects. In this regard, our paper is trying to answer to the question if the unconventional methods would be effective in saving the economy burdened by the pandemic crisis and especially if "launching money from the helicopter" strategy is viable for the economy. We presented a series of government measures taken by countries affected and the analysis of the literature of the concept of "helicopter money". At the same time, the article reveals the exposure of the economic consequences resulting from the application of this unconventional solution, meant to restart afflicted economies.
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spelling doaj.art-f64bdda079d54ba0bb0ff1790dd457312022-12-21T23:20:16ZengAlexandru Ioan Cuza University of IasiCES Working Papers2067-76932067-76932021-02-01XII4244256Coronavirus - The Moment for Helicopter Money? Bogdan Andrei TILIUȚĂ0Ioana Raluca DIACONU 1PhD student at Alexandru Ioan Cuza University of Iași, Faculty of Economics and Business Administration Iași, Romaniaassistant professor at Alexandru Ioan Cuza University of Iaşi, Faculty of Economics and Business Administration Iaşi, RomaniaThe coronavirus crisis has unquestionably been a challenge globally and felt like an economic and psychological shock caused by the high number of illnesses and deaths caused by the virus. The drastic measures of physical distance and isolation have led to major economic effects. In this regard, our paper is trying to answer to the question if the unconventional methods would be effective in saving the economy burdened by the pandemic crisis and especially if "launching money from the helicopter" strategy is viable for the economy. We presented a series of government measures taken by countries affected and the analysis of the literature of the concept of "helicopter money". At the same time, the article reveals the exposure of the economic consequences resulting from the application of this unconventional solution, meant to restart afflicted economies.https://ceswp.uaic.ro/articles/CESWP2020_XII4_TIL.pdfhelicopter moneycovid-19financial impactpandemics
spellingShingle Bogdan Andrei TILIUȚĂ
Ioana Raluca DIACONU
Coronavirus - The Moment for Helicopter Money?
CES Working Papers
helicopter money
covid-19
financial impact
pandemics
title Coronavirus - The Moment for Helicopter Money?
title_full Coronavirus - The Moment for Helicopter Money?
title_fullStr Coronavirus - The Moment for Helicopter Money?
title_full_unstemmed Coronavirus - The Moment for Helicopter Money?
title_short Coronavirus - The Moment for Helicopter Money?
title_sort coronavirus the moment for helicopter money
topic helicopter money
covid-19
financial impact
pandemics
url https://ceswp.uaic.ro/articles/CESWP2020_XII4_TIL.pdf
work_keys_str_mv AT bogdanandreitiliuta coronavirusthemomentforhelicoptermoney
AT ioanaralucadiaconu coronavirusthemomentforhelicoptermoney