make several claims about the inadequacy and fallacy of modern money theory (MMT) and conclude that MMT is nothing more than a political manifesto; there is no theoretical and empirical foundation beneath it. The present paper addresses this last point by focusing on the fiscal and monetary...

chapter 1 Introduction -- chapter 2 Central banking, asset prices, and financial fragility Asset prices, financial fragility, and central banking in the -- chapter 3 Asset-price theories and central banking -- chapter 4 Against the instrumental use of interest rates The importance of the...