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Modern Monetary Theory: A Solid Theoretical Foundation of Economic Policy?
This paper shows that so-called modern monetary theory (MMT) lacks a sound economic foundation for its far-reaching policy recommendations. This paper’s main contribution to the literature concerns the theoretical foundation of MMT. A simple macroeconomic model shows that MMT is indistinguishable fr...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer US
2021
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8144874/ https://www.ncbi.nlm.nih.gov/pubmed/34054172 http://dx.doi.org/10.1007/s11293-021-09713-6 |