 Instead of buying government bonds or other securities by creating bank reserves, as the Federal Reserve and Bank of England have done, some suggest that central banks could make payments directly to households (in a similar fashion as Milton Friedman's helicopter money).Economists Mark Blyth and Eric Lonergan argue in "Foreign Affairs" that this is the most effective solution for the Eurozone, particularly given the restrictions on fiscal policy.They argue that based on the evidence from tax rebates in the United States, less than 5% of GDP transferred by the ECB to the household sector in the Eurozone would suffice to generate a recovery, a fraction of what it intends to be done under standard QE.