Why doesn’t the RBI print money, hand it over to the government and let it distribute the cash among those who need it the most? The policy toolkit has no levers to deal with economy-wide forced lockdowns for an undefined period of time. It may be just the right time to for a helicopter drop of money as a last resort measure. For, no one is sure how long this slide will last. Read on.COVID-19 | Helicopter drop of money gets mainstream policy attention
Why doesn’t the RBI print money, hand it over to the government and let it distribute the cash among those who need it the most? The policy toolkit has no levers to deal with economy-wide forced lockdowns for an undefined period of time. It may be just the right time to for a helicopter drop of money as a last resort measure. For, no one is sure how long this slide will last. Read on.
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