Financial and Monetary Systems
Helicopter money: "There's no such thing as a free lunch"
Realising the benefits that proponents of helicopter money claim exist would require giving up on interest rate policy forever.
Anna Zabai joined the BIS in 2013 fresh out of graduate school, and she is currently working on a number of research projects related to monetary policy. Ms Zabai holds an MSc in economics from Bocconi University and a PhD from MIT.