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Thursday, January 22, 2015

B. Bossone & R. Wood on OMF (Overt Money Financing)

EconoMonitor : EconoMonitor » Why QE in the Eurozone Is a Mistake



a policy plan is required that provides economic stimulus through a budget deficit without increasing public debt.  This can be achieved by adopting an appropriate form of Overt Money Financing (OMF).  OMF – which is a form of helicopter money – is the most effective instrument to affect aggregate demand in economies under heavy recession and totally limited fiscal space  

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