Helicopter money Stefan Klein/Getty Images
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Sky-High Monetary Policy

Years of low interest rates and quantitative easing have not restored growth to developed countries, and many observers lately have been calling on central banks to inject stimulus into economies directly. But do the rewards of “helicopter money” outweigh the risks?

ZURICH – The world has been on pins and needles since Donald Trump’s upset victory over Hillary Clinton in the United States’ presidential election last week. No one – including, perhaps, the president-elect himself – quite knows what shape the next US administration will take, or what its policy priorities will be.