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IFM chief economist Alex Joiner wants 'helicopter money' for infrastructure

IFM Investors chief economist Alex Joiner has urged the Reserve Bank of Australia to prepare a back-up plan, in the event of another financial crisis, to pump tens of billions of dollars into the economy.

However the "helicopter money" should come with strings attached – that it could only be used to fund large infrastructure projects, like road and rail, he said.

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Sally Rose is a Sydney-based reporter, who covers business, personal finance and superannuation. Connect with Sally on Twitter.

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    Original URL: https://www.afr.com/companies/infrastructure/ifm-chief-economist-alex-joiner-wants-helicopter-money-for-infrastructure-20160925-grnu83