| Marcel Fratzscher, president of the Berlin based think tank DIW, explains why helicopter money offers the possibility to “circumvent” the banking system and make loans and funding directly available to households and private companies, which would help the ECB to fulfill its price stability mandate again.
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Marcel Fratzscher is a German economist and professor at Humboldt-University of Berlin. Since February 2013 he has been president of the Berlin-based economic research institute DIW Berlin. He was previously head of International Policy Analysis at the European Central Bank.
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