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ArticleMonetary Policy for Basic Income as a Financial Resource

작성자 : Ahn, Hyeon-Hyo
작성일자 : 2019-09-26 01:43:28 조회수 : 4
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Monetary Policy for Basic Income as a Financial Resource

Ahn, Hyeon-Hyo

This article explores the theoretical possibilities of finding financial
resources for a basic income policy through implementing an unconventional
monetary policy. Since the financial crisis of 2008, and even before this in
Japan, many countries including the U.S and in the E.U. adopted Quantitative
Easing to solve the malfunctions of conventional monetary policy. The latter
has been understood by Friedman as a form of helicopter money. Three types of
helicopter money, such as indirect fiscal finance, direct fiscal finance and
government money, could be a financial resource for implementing a basic
income policy.

Keywords: Quantitative Easing, Helicopter Money, Basic Income

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