Modern Monetary Theory: The Right Compass for Decision-Making
نویسندگان
چکیده
Abstract In the November/December 2021 issue of Intereconomics, Françoise Drumetz and Christian Pfister examine Modern Monetary Theory (MMT) approach it from policy consequences that would follow. This paper is a reply to Pfister. It restates core MMT offers some suggestions for central banks. Theories are explanations what we see, describes money creation destruction. Hence, cannot be not political manifesto. contrast most other theories money, falsifiable in its statements, which based on balance sheet macroeconomics. Since many banks already educate public about modern through bank lending, welcome if they do same government spending. Here, bankers can find common ground move forward leave theory loanable funds multiplier behind.
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ژورنال
عنوان ژورنال: Intereconomics
سال: 2022
ISSN: ['0020-5346', '1613-964X']
DOI: https://doi.org/10.1007/s10272-022-1041-x