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NZZ, April 25, 2019. PDF. Modern monetary theory (MMT) is neither a theory, nor modern, nor exclusively monetary. I discuss fallacies related to MMT. Dynamic inefficiency requires permanent, not transitory, r
Topics:
Dirk Niepelt considers the following as important: Budget constraint, Contributions, default, Fiscal policy, inflation, Interest Rate, Modern Monetary Theory, Monetary Policy, Monetization, Negative interest rate, Resource constraint
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NZZ, April 25, 2019. PDF. Modern monetary theory (MMT) is neither a theory, nor modern, nor exclusively monetary. I discuss fallacies related to MMT. Dynamic inefficiency requires permanent, not transitory, r
Topics:
Dirk Niepelt considers the following as important: Budget constraint, Contributions, default, Fiscal policy, inflation, Interest Rate, Modern Monetary Theory, Monetary Policy, Monetization, Negative interest rate, Resource constraint
This could be interesting, too:
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NZZ, April 25, 2019. PDF.
- Modern monetary theory (MMT) is neither a theory, nor modern, nor exclusively monetary.
- I discuss fallacies related to MMT.
- Dynamic inefficiency requires permanent, not transitory, r<g.
- For now, policy makers should rely on common sense rather than MMT.