Modern Monetary Theory: A Wrong Compass for Decision-Making

نویسندگان

چکیده

Abstract In the last few years, so-called Modern Monetary Theory (MMT) has been gaining prominence in media and public. This article presents MMT approach to money monetary policy, discusses its recommendations regarding fiscal policy aggregate demand management, structural policies it advocates as well international aspects of MMT. Overall, appears that is based on an outdated state economic science claims are much exaggerated: The meaning more a political manifesto than genuine theory.

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ژورنال

عنوان ژورنال: Intereconomics

سال: 2021

ISSN: ['0020-5346', '1613-964X']

DOI: https://doi.org/10.1007/s10272-021-1014-5