Bernanke has become known for his quote that he would be willing to throw
money out of helicopters to keep an economy from falling into deflation; he is also known as an advocate of managing the entire yield curve actively, not just short - term rates as is the traditional domain of central banks.
Not exact matches
Several managers said that deploying
helicopter money had a poor track record and would have little or no credibility with financial markets who would just see it as a sign that central banks had run
out of ways to stimulate growth.
However, an overwhelming majority
of survey respondents who expressed a view - 94 percent - do not expect central banks to deploy «
helicopter money» this year, while saying that they seem to be running
out of options to stimulate growth.
Governor Haruhiko Kuroda tried to counter the view that the BOJ was running
out of options, while dismissing the idea
of «
helicopter money» - where people are given cash handouts in the hope they will spend it.