Download A New Financial Deal For Christchurch PDF Free - Full Version
Download A New Financial Deal For Christchurch by ['Raf Manji'] in PDF format completely FREE. No registration required, no payment needed. Get instant access to this valuable resource on PDFdrive.to!
About A New Financial Deal For Christchurch
The document proposes issuing electronic cash notes (E-notes) to pay for rebuilding Christchurch and national development projects instead of increasing taxes or debt. E-notes would be issued by the Reserve Bank and given to the Treasury, similar to how physical cash is issued. The Treasury would then spend the E-notes on infrastructure, health, education, and Christchurch rebuilding. This would stimulate the economy by putting new money directly into circulation rather than bank balance sheets, reducing unemployment and the fiscal deficit. An initial $5 billion E-note issuance is estimated to create $6.5 billion in new GDP and reduce unemployment by 3%. Ongoing monitoring would prevent inflation, and future issuances could pay off maturing government debt
Detailed Information
| Author: | ['Raf Manji'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 2 |
| Language: | English |
| Format: | |
| Price: | FREE |
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