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.
Piti Disyatat is Director of Research at the Bank of Thailand. Prior to his current position, he has worked in various areas of the Bank including, financial risk management, foreign reserve management, and monetary operations. From 2007-2010, he served as Senior Economist in the Monetary and Economic Department at the Bank for International Settlements. Before joining the Bank of Thailand in 2001, he worked as an Economist at the International Monetary Fund for two years. He has also served as Adjunct Faculty in the Economics Department at Chulalongkorn University and Thammasat University in Thailand. His research interests are in monetary economics, banking, and international finance. He holds a Ph.D. from Princeton University and a Bachelor of Economics (First Class Honours) from the Australian National University.
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