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Helicopter money in another pandemic recession: Venice, 1630

Goodhart, C. A. E., Masciandaro, Donato and Ugolini, Stefano (2021) Helicopter money in another pandemic recession: Venice, 1630. VoxEU.

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‘Helicopter money’ is an often-evoked concept in macroeconomics, but the occurrence of helicopter money, strictly speaking, is exceedingly rare in history. This column describes one episode that actually provides a concrete illustration of this policy: the monetary financing of the pandemic recovery plan put in place by the Republic of Venice during the bubonic plague of 1630.

Item Type: Article
Official URL:
Additional Information: © 2021 The Authors
Divisions: Financial Markets Group
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Date Deposited: 03 Mar 2021 09:42
Last Modified: 25 Aug 2021 23:04

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