Simmons, Richard; Dini, Paolo; Culkin, Nigel; Littera, … - In: Journal of risk and financial management : JRFM 14 (2021) 3, pp. 1-28
risks missing the feedback loops between the financial and real economies. In this paper, the role of money is revisited in … how endogenous (bank credit) and central bank exogenous (quantitative easing, QE) money creation feed into the real and … "helicopter money" is given context, enabling an assessment of the efficacy of both the QE and helicopter money policy routes …