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Inequality, the financial crisis and stagnation : competing stories and why they matter

Palley, Thomas - 2015

This paper examines several mainstream explanations of the financial crisis and stagnation and the role they attribute … financial crisis and stagnation, making it critical we get the story right. … Stagnation sowie die Rolle, die sie der Einkommensungleichheit zuschreiben. Diesen Erklärungen wird eine strukturelle …

Persistent link: https://www.econbiz.de/10010526792

Desigualdad, Crisis Financiera Y Estancamiento : Historias Alternativas Y Por Qué Importan (Inequality, the Financial Crisis and Stagnation: Competing Stories and Why They Matter)

Palley, Thomas - 2016

English Abstract: This paper examines some conventional explanations of the financial crisis and stagnation, and the … shapes policy. And this necessarily applies to the issue of income inequality, the financial crisis and stagnation …

Persistent link: https://www.econbiz.de/10012988449

Inequality and stagnation by policy design : mainstream denialism and its dengerous political consequences

Palley, Thomas - 2019

stagnation that attribute those events to the policies recommended and justified by the profession. Such theories are … legitimize those theories. That resistance has contributed to blocking the politics and policies needed to address stagnation …

Persistent link: https://www.econbiz.de/10011979232

Supply Side Keynesianism

Obregon, Carlos - 2022

The argument made in this manuscript is that the two traditional macroeconomic tools, fiscal policy and monetary policy, are insufficient to bring back efficiently into equilibrium an economy that has had a major crisis. Both traditional macro-tools only work through the demand side, and there...

Persistent link: https://www.econbiz.de/10015214329

Money, fiscal policy, and interest rates: A critique of Modern Monetary Theory

Palley, Thomas I. - 2013

This paper excavates the set of ideas known as modern monetary theory (MMT). The principal conclusion is that the macroeconomics of MMT is a restatement of elementary well-understood Keynesian macroeconomics. There is nothing new in MMT's construction of monetary macroeconomics that warrants the...

Persistent link: https://www.econbiz.de/10010460532

The critics of modern money theory (MMT) are right

Palley, Thomas I. - 2014

Eric Tymoigne and Randall Wray's (T&W, 2013) defense of MMT leaves the MMT emperor even more naked than before (excuse the Yogi Berra-ism). The criticism of MMT is not that it has produced nothing new. The criticism is that MMT is a mix of old and new, the old is correct and well understood,...

Persistent link: https://www.econbiz.de/10010460557