Charles A. E. Goodhart, Donato Masciandaro, Stefano Ugolini: Pandemic recession, helicopter money and central banking: Venice, 1630, in: CEPR discussion paper series, Discussion Paper No. 15715, London, January 2021. This paper analyses the monetary policy that the Most Serene Republic of Venice implemented in the years of calamities using a modern equivalent of helicopter money, precisely an extraordinary money issuing, coupled with capital losses for the issuer.
Daily archives: 11. March 2021
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