The contribution of MMT to modern macroeconomics

Martin Watts, James Juniper

This paper draws on nearly 25 years of modern monetary theory (MMT) scholarship to provide an assessment of the critique of MMT by Drumetz/Pfister in their 2021 working paper. The present paper commences with a review of methodology. It then pursues a thematic approach, initially exploring the issue of currency sovereignty and the nature of modern monetary systems before addressing the specific criticisms that Drumetz/Pfister have raised about MMT's approach to monetary and fiscal policy.

MoreLess

Year of publication:	2023
Authors:	Watts, Martin J. ; Juniper, James
Subject:	institutional practice \| fiat currency \| monetary policy \| fiscal policy \| Finanzpolitik \| Fiscal policy \| Geldpolitik \| Monetary policy \| Makroökonomik \| Macroeconomics \| Wirkungsanalyse \| Impact assessment

freely available

Full text |

More access options

www.elgaronline.com

doi.org

Check Google Scholar

I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10014433714