perpetuals bonds

printing money

Long read: A technical view of helicopter money and the monetisation of debt

Hans-Jörg Naumer (Allianz) | The debate on helicopter money, which is once again gaining traction, must be seen against a backdrop of rising public debt ratios and the debate on the policy options remaining for major Central Banks. It is about the monetisation of government debt, i.e. the financing of budget deficits, using monetary policy. It was none other than the retiring President of the ECB himself, Mario Draghi, who once called helicopter money “a very interesting concept” during the press conference following a meeting of the Governing Council in March 2016.