"Helicopter money" is a term coined by Milton Friedman in 1969, and in its purest theoretical form, would involve giving cash directly to residents in order to stimulate growth.
Paul Sheard of S&P Ratings shares his views with CNBC-TV18 on a rate hike by the US Federal Reserve. He says the Fed is not in the business of surprising markets and the rate hike will be well-received by the markets.
â€œI don‘t think there are grounds for being so pessimistic on global economy, at least in the medium term,â€ Paul Sheard, Chief Global Economist at S&P Ratings Services says.
The core consumer price index (CPI), which excludes volatile prices of fresh food but includes prices of oil products, was flat in July from the year-ago period, government data showed on Friday, compared with Reuters' forecast for a drop of 0.2 percent and down from a 0.1 percent rise in June.
Global rating agency Standard and Poor's (S&P) has said it expects India to grow by 6.5 per cent during 2013, amidst the possibility of global economic recovery continuing during the year.
The market breathed a sigh of relief today after the crude prices eased a bit. Hopes of a resolution of the DMK-Congress standoff also added to the cheer. Experts feel that the market is resilient and the Nifty would trade in 5,200-5,600 range ahead.