We study the potential effects on the real economy and welfare of four fiscal policy responses to an energy supply shock: energy vouchers to all households, only to lowincome households, or to non-energy goods producers, and subsidies for investments in the energy sector. The analysis relies on...

In this study, we explore the potential effects of green "helicopter" money, which the Central Bank distributes to households. In our experiment, the Central Bank distributes green tickets to households, which are of a one-to-one value to the national currency (euro). The tickets can only be...