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Modern Monetary Theory: The Right Compass for Decision-Making [PDF]
Intereconomics, 2022 In the November/December 2021 issue of Intereconomics, Françoise Drumetz and Christian Pfister examine Modern Monetary Theory (MMT) and approach it from the policy consequences that would follow. This paper is a reply to Drumetz and Pfister.
Dirk Ehnst
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Approaching Modern Monetary Theory with a Taylor Rule [PDF]
Economies, 2019 Considering the goals of Modern Monetary Theorists, this article examines inflation stabilization and employment maximization through a Taylor Rule for fiscal policy, similar to John Taylor’s foundational examination of the behavior of the Federal ...
Ryan S. Mattson, Rex Pjesky
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Framing Modern Monetary Theory [PDF]
Journal of Post Keynesian Economics, 2017 ABSTRACTThis article argues that Modern Monetary Theory (MMT) has struggled to gain traction in wider economic and political debates due to: (1) An incomplete understanding of key macroeconomic terms among economic commentators, especially journalists, and the wider community (lack of education); and (2) The deployment of key macroeconomic terms ...
Louisa Connors, William Mitchell
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Reformatting the Russian Monetary System in Modern Conditions [PDF]
Современная Европа, 2023 The article considers the question of possible ways of transformation of the Russian monetary system in modern conditions. Currently, Russia is facing tough economic and political sanctions, which encourage it to introduce fundamental structural reforms ...
Alexander N. Dubyanskiy
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Modern Paradigm in Macroeconomic Monetary Theories [PDF]
Ovidius University Annals: Economic Sciences Series, 2016 In this paper we tried to present an objective perspective over modern monetary theories andtheir impact on economic activity. In the end, our research stressed some specific actions thatinfluence the macroeconomic equilibrium.
Daniel Lipară
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Georg Friedrich Knapp and Modern Monetary Theory
Wirtschaftsdienst, 2022 Knapp’s “State Theory of Money” (1905) claims that “Money is an entity of the legal order.” Money is a chartal means of payment, the value of which is independent of the metal value.
Jan Greitens
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Modern Monetary Theory: A Wrong Compass for Decision-Making
Intereconomics, 2021 In the last few years, the so-called Modern Monetary Theory (MMT) has been gaining prominence in the media and the public. This article presents the MMT approach to money and monetary policy, and discusses its recommendations regarding fiscal policy and ...
Françoise Drumetz, Christian Pfister
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MODERN MONEY THEORY: RISE IN THE INTERNATIONAL SCENARIO AND RECENT DEBATE IN BRAZIL
Brazilian Journal of Political Economy, 2021 This paper has a twofold purpose. The first one is to present the core ideas of MMT. The second one is to explain its recent rise in Brazil after the publication of Andre Lara Resende’s articles in the press in 2019 and a book in 2020.
SIMONE DEOS +3 more
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Some methodological issues of the modern theory of money
Russian Journal of Economics and Law, 2021 Objective: to present the current trends in the development of the monetary system in the context of key methodological issues of the theory of money.Methods: a system-functional approach to the cognition of the modern monetary system and monetary policy.
A. V. Kavaliou
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RETHINKING DEVELOPMENT FINANCE IN THE LIGHT OF MODERN MONETARY THEORY
Revista Tempo do Mundo, 2022 This article discusses the challenges of financing economic development and how the Modern Monetary Theory (MMT) offers important tools for countries to overcome historical difficulties.
Luiz Alberto Marques Vieira Filho +1 more
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