Afrouxamento monetário não funciona

BARCLAYS: One of the biggest arguments for helicopter money simply isn't true
The argument that the introduction of helicopter money — whereby people are directly given money by central banks to stimulate the economy — would allow governments across the planet to engage in more expansionary fiscal policy is flawed, according to new research from Barclays. Writing in a new note titled "Helicopter money and the fiscal frontier" — Barclays' macro researcher Michael Gavin says that a move away from financing fiscal spending with government bonds, and towards so-called monetary financing (the technically correct term for helicopter money) simply would not work. The crux of Barclays' argument is that monetary financing is unlikely to be substantially cheaper than bond financing, ...

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