English Abstract: In recent years, a school of economics called MMT (Modern Monetary Theory) has been attracting …

idea. However, it is often pointed out that MMT lacks the mathematical analysis used in standard economics discussions …

-called) mainstream economics in three major categories: fiscal collapse, financial system & monetary policy, and fiscal policy. Regarding … divergence between MMT and mainstream economics in terms of the understanding of money creation and the theory of endogenous … confirmed that such criticism is not only from the MMT, but also from the recent internal debate within mainstream economics …

most widely used theoretical model in economics, and then consider whether or not the life cycle model applies in the case …