Where Helicopters Dare: An Initial Assessment Of The Unconventional Policies Adopted by The World’s Major Economies

By Brunello Rosa and Nouriel Roubini

25 June 2020

In this paper we discuss:

• The common elements of the unconventional measures adopted to fight the Covid-crisis;
• Why the fiscal-monetary coordination has been the only real policy innovation of this crisis;
• What are the various measures adopted in US, China, EZ, Japan and UK;
• Whether MMT is substantially different from open-ended QE; and
• The market implications of all the above.

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