Carnevali, Emilio; Deleidi, Matteo - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 90-124
This paper is focused on modern monetary theory's (MMT) treatment of inflation from an open-economy perspective. It analyses how the inflation process is explained within the MMT framework and provides empirical evidence in support of this vision. However, it also makes use of a stock-flow...