This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the … more generally. To put it the way that economists usually do, money "lubricates" the market mechanism-a good thing, because … so have no chance. The paper advances an alternative framing for money and shows how it can be used to reshape discussion …

In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work--at the time … wrote in 1987 on "securitization"), he consistently held an endogenous money view. I'll refer briefly to that published work … appears to be much deeper than that displayed three or four decades later by much of the post-Keynesian endogenous-money …

twentieth century on the nature of money. Only recently rediscovered, these articles are reprinted and analyzed here for the …

This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote … limits would have no salient effects. The short-run partial equilibrium effects of expanding tuition grants (especially their … need-based component) are sizeable. However, long-run general equilibrium effects are 3-4 times smaller. Every additional …

This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote … need-based component) are sizable. However, long-run general equilibrium effects are 3-4 times smaller. Every additional …

This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote … limits would have no salient effects. The short-run partial equilibrium effects of expanding tuition grants (especially their … need-based component) are sizeable. However, long-run general equilibrium effects are 3-4 times smaller. Every additional …

This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote … limits would have no salient effects. The short-run partial equilibrium effects of expanding tuition grants (especially their … need-based component) are sizeable. However, long-run general equilibrium effects are 3-4 times smaller. Every additional …

State that has the ability to impose tax liabilities will be able to issue a fiat money, to exogenously maintain overnight … this is a mistake, and will argue that the sovereignty approach offers insights into operation of modern money systems that …

One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments … nonsovereign governments. MMT has also provided policy insights with respect to financial stability, price stability, and full … categories: views about the origins of money and the role of taxes in the acceptance of government currency, views about fiscal …