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Japanese Abstract: 近年MMT(Modern Monetary Theory …English Abstract: In recent years, a school of economics called MMT (Modern Monetary Theory) has been attracting …
Persistent link: https://www.econbiz.de/10013217515
Japanese Abstract: 最近MMT(Modern Monetary Theory …English Abstract: Although the claims of the school of thought known as Modern Monetary Theory (MMT) have recently …
Persistent link: https://www.econbiz.de/10013233789
created by the government, which in turn determines income, which in turn determines the savings. The budget deficit creates … the savings, not that the savings finance the budget deficit. Reducing the budget deficit will reduce savings, income, and …Japanese Abstract: 世に言う『財政規律』によれば少なくとも長期的には財政収支が均衡することを求められる。一方,最近話題のMMT (Modern Monetary Theory …
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The Bank of Japan adopted the Quantitative Easing (QE) Policy from March 2001 to March 2006. This paper investigates whether or not this QE had an effect in stimulating real economy in Japan. The identification of policy effect in the above Japanese case enables us to evaluate indirectly the...
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