Economic policies: A new era
Governments are looking beyond traditional policies for when the global economy next needs a boost
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- Modern monetary theory suggests governments could simply direct central banks to ‘print money’ as a means of financing spending, for example on infrastructure projects
- ‘Helicopter money’ would give cash directly to individuals, who are more likely to spend than the institutions targeted by the usual monetary remedies
- Both represent a substantial change in the way economies are managed and could have profound economic and market impact
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