The Very Model of Modern Monetary Policy
Larry Summers: Modern Monetary Theory is a recipe for a disaster
Former Treasury Secretary Larry Summers expands on the argument he made in his Washington Post op-ed on modern monetary theory.
Modern Monetary Theory: Merits, Critiques, and Contemporary ...
Keynesian macroeconomics holds that macroeconomic policy can be used to stimulate the economy in times of unemployment. MMT holds a similar ...
Very Simple Mathematical Model of MMT (Modern Monetary Theory)
In recent years, a school of economics called MMT (Modern Monetary Theory) has been attracting attention, but it has not been analyzed ...
Modern Monetary Theory - Clark Center Forum
'Modern monetary theory' (MMT) – the idea that a country that is able to borrow in its own currency need not worry about government deficits and debt.
On Modern Monetary Theory - Bruegel
The base premise from which MMT later drew was that, under “functional finance”, fiscal policy should be the main instrument used to stabilise ...
Beware the siren call of Modern Monetary Theory
Imagine that the government could simply print whatever money it needs to guarantee everyone a decent income, fantastic public services, ...
ET Explains: Modern monetary theory - The Economic Times
MMT which gained mainstream attention in the late eighties and early nineties is based on the premise that governments should be allowed to ...
Will Modern Monetary Theory Go Mainstream? - AllianceBernstein
The basic premise of MMT is that a country can use unlimited fiscal policy to support its economy. No matter how much debt piles up, MMT says ...
It's Time to Look More Carefully at “Monetary Policy 3 (MP3)” and ...
It will focus on Monetary Policy 3 (the new type that we will see more of around the world) and Modern Monetary Theory (a recently proposed new ...
Money, Fiscal Policy, and Interest Rates: A Critique of Modern ...
Abba Lerner's functional finance and later Modern Money Theory. (MMT) have been the theories of fiat currency which have as yet not been self-consciously ...
The modern monetary theory literature seems to have escaped ...
This paper provides a response to the recently published critique of modern monetary theory (MMT) by Drumetz/Pfister, which is based on a ...
The false promise of modern monetary theory - The Hill
MMT theorists explain that debt is simply money the government put into the economy and didn't tax back.” This is ludicrous. Government deficit ...
Modern Monetary Theory and Positive Money, Part I
To anyone interested in macroeconomics and the role of government, the name 'Modern Monetary Theory' (MMT) should by now be familiar. This ...
Modern Monetary Theory - Milken Institute Review
It offers them a way to pay for expensive programs such as the Green New Deal and Medicare-for-all without having to cut other spending or raise taxes.
Modern Monetary Nonsense by Kenneth Rogoff - Project Syndicate
Prominent supporters of this idea, which is often referred to as “Modern Monetary Theory” (or MMT), include one of the Democratic Party's ...
Modern Monetary Theory for a degrowth transition - ScienceDirect.com
MMT thus clarifies how governments can fund social and ecological projects without the need for aggregate growth. However, conventional accounts of MMT have ...
Episode 866: Modern Monetary Theory : Planet Money - NPR
Embracing Modern Monetary Theory is like staring at this optical illusion. You can look at the same thing, and see things totally differently.
Modern Monetary Theory Makes Back-Door Entry Into Policies
At its heart, MMT is about the fusion of fiscal and monetary policy. It does not worry about fiscal budget deficits, but cares about how the government spends ...
'Verdict is in' on modern monetary theory, strategist says
Under MMT, the risk of inflation is considered minimal as governments that fully control their fiat currencies are believed to be able to ...
Modern Monetary Theory and European Macroeconomics - 1st Edition
The book aims to explain how the two monetary circuits – central bank deposits and bank deposits – are intertwined. It is also shown how government spending ...