Política monetaria en tiempos de pandemia: evaluación y propuesta del Helicóptero Monetario

• Juan Francisco Albert ^[1] ; David Tercero-Lucas ^[2]
  1. [1] Universitat de València

     Universitat de València

     Valencia, España

     
  2. [2] Universitat Autònoma de Barcelona

     Universitat Autònoma de Barcelona

     Barcelona, España

     
• Localización: Revista de economía mundial, ISSN 1576-0162, Nº 56, 2020, págs. 35-55
• Idioma: español
• DOI: 10.33776/rem.v0i56.4723
• Títulos paralelos:
  • Monetary Policy in Times of Pandemic: Evaluation and Proposal of the Helicopter Money
• Enlaces
  • Texto completo
• Resumen
  • español

    La pandemia del Covid-19 ha provocado una de las crisis más importantes desde la Gran Depresión. Ante esto, es necesaria una mayor coordinación entre la política monetaria y las políticas fiscales. En este artículo, se ha analizado el Helicóptero Monetario como posible respuesta a la crisis y como complemento a las medidas adoptadas. Tras presentar evidencia histórica de los efectos del Helicóptero Monetario, examinar los distintos ejemplos propuestos en la literatura, y evaluar sus fortalezas y debilidades, se ha articulado una propuesta para la eurozona a través del Banco Central Europeo (BCE) en coordinación con el grupo del Banco Europeo de Inversiones (BEI).

  • English

    The Covid-19 pandemic has caused one of the most important crises since the Great Depression. In the face of this, greater coordination between monetary and fiscal policies is needed. In this article, the helicopter money proposal has been analyzed as a possible response to the crisis and as a complement to the measures adopted. After describing some historical evidence of the effects of the monetary helicopter, examining the different examples proposed in the literature, and assessing its strengths and weaknesses, a proposal for the eurozone has been articulated through the European Central Bank in cooperation with the European Investment Bank group.

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