Advanced Economies Will See A 'Gradual Shift' To Helicopter Money In Next Few Years: Citi

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"The advantage of helicopter money over a conventional fiscal stimulus is that, since it would be financed by additional money creation, the monetary debt issued to the markets (which is irredeemable) would not need to be repaid, ever," said Citi.

Get ready for helicopter money. First, there was loose monetary policy in response to the finance crisis, while in the past year, fiscal stimulus has been trumpeted as the in-vogue policy response to low growth. The next chapter, say economists at Citigroup, will be the increasing use of so-called helicopter money. The term refers to a…