HELICOPTER DROP
A hypothetical, unconventional tool of monetary policy that involves printing large sums of money and distributing it to the public in order to stimulate the economy. Helicopter drop is largely a metaphor for unconventional measures to jumpstart the economy during deflationary periods. While "helicopter drop" was first mentioned by noted economist Milton Friedman, it gained popularity after Ben Bernanke made a passing reference to it in a November 2002 speech, when he was a new Federal Reserve governor. That single reference earned Bernanke the sobriquet of "Helicopter Ben," a nickname that stayed with him during much of his tenure as a Fed member and Fed chairman.
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Parity
Parity is defined as:
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Time | Country | Indices | Period |
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02:00 | MI Inflation Gauge | Nov | |
02:30 | Retail Sales | Oct | |
02:30 | ANZ Jobs Advertisements | Nov | |
02:30 | Building Approvals | Oct | |
02:30 | Company Operating Profits | 3 quarter | |
02:30 | PMI Manufacturing | Nov | |
03:45 | Markit Final Manufacturing PMI | Nov | |
07:30 | Commodity Prices | Nov | |
09:00 | Nationwide House Price Index | Nov |