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Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
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usual target variables of economic growth, inflation, external balance and employment as well as intermediate target …
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fixed capital formation nexus: Effects of the interest rate and monetary policy credibility channels -- Chapter 7 Inflation … rates -- Chapter 13 What are the effects of budget deficit regimes on inflation and inflation expectations? -- Part 3 … uncertainty and the employment dynamics in South Africa under the inflation targeting regime -- Chapter 18 Economic policy …
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Negative interest rates are an invention of monetary authorities to show that monetary activism does not have boundaries, i.e., as if there is no such thing as a liquidity trap. Their presence in the financial landscape has redefined the benefits to savers and to investors. Governments can now...
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openness, government expenditure, inflation, and democracy. Findings from the Fully Modified OLS (FMOLS) estimates reveal that …
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