Note Helicopter Money and CBDCs Are DLT the perfect infrastructure for monetary policies in time of crisis

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Helicopter Money and CBDCS: are DLTS the Perfect Infrastructure for Monetary Policies in a Time of Crisis ?

The nascent economic crisis is highlighting the need to rely on creative policy responses. Helicopter money appears to be one of the few untried monetary tool. Central Bank Digital Currencies (CBDCs) based on Distributed Ledger Technologies (DLT) would provide the optimal infrastructure to implement such stimulus policy.


Julien Prat

Research Director at CNRS and Associate Professor in Economics at Ecole Polytechnique

Noémie Dié

Economist, PhD candidate at BPIfrance

Jean-Baptiste Michau


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