Economics
ECB’s Villeroy Rebuffs French Adviser’s Helicopter Cash Proposal
- Think tank said direct money transfers can boost inflation
- French governor responds that idea is untested and complex
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European Central Bank policy maker Francois Villeroy de Galhau has rejected a suggestion from a prominent think tank in his native France that the ECB should make helicopter money -- direct cash transfers to the population -- a part of its toolkit.