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"Imbalances? What Imbalances? A Dissenting View"
Wray, L. Randall - Levy Economics Institute - 2012
It is commonplace to link neoclassical economics to 18th- or 19th-century physics and its notion of equilibrium, of a pendulum once disturbed eventually coming to rest. Likewise, an economy subjected to an exogenous shock seeks equilibrium through the stabilizing market forces unleashed by the...
Persistent link: https://www.econbiz.de/10010627286
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Imbalances? What imbalances? A dissenting view
Wray, L. Randall - 2012
It is commonplace to link neoclassical economics to 18th- or 19th-century physics and its notion of equilibrium, of a pendulum once disturbed eventually coming to rest. Likewise, an economy subjected to an exogenous shock seeks equilibrium through the stabilizing market forces unleashed by the...
Persistent link: https://www.econbiz.de/10010286507
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Euroland in crisis as the global meltdown picks up speed
Papadimitriou, Dimitri B.; Wray, L. Randall - 2011
Yet another rescue plan for the European Monetary Union (EMU) is making its way through central Europe, but no one is … profligate spending by some nations but rather the setup of the EMU itself. We then turn to US problems, assessing the …
Persistent link: https://www.econbiz.de/10010286528
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Imbalances? : what imbalances? ; a dissenting view
Wray, L. Randall - 2012
Imbalances ; Sectoral Balances Approach ; Modern Money Theory ; Debt Cancellation ; Global Financial Crisis ; Euro Crisis ; EMU …
Persistent link: https://www.econbiz.de/10009425496
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Euroland in crisis as the global meltdown picks up speed
Papadimitriou, Dimitri Basil; Wray, L. Randall - 2011
Yet another rescue plan for the European Monetary Union (EMU) is making its way through central Europe, but no one is … profligate spending by some nations but rather the setup of the EMU itself. We then turn to US problems, assessing the …
Persistent link: https://www.econbiz.de/10009316117
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Euroland in Crisis as the Global Meltdown Picks Up Speed
Papadimitriou, Dimitri B. - 2011
Yet another rescue plan for the European Monetary Union (EMU) is making its way through central Europe, but no one is … profligate spending by some nations but rather the setup of the EMU itself. We then turn to US problems, assessing the …
Persistent link: https://www.econbiz.de/10013119424
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Imbalances? What Imbalances? A Dissenting View
Wray, L. Randall - 2012
Persistent link: https://www.econbiz.de/10013111320
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"Modern Money Theory 101: A Reply to Critics"
Tymoigne, Eric; Wray, L. Randall - Levy Economics Institute - 2013
One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unencumbered by hard financial constraints. Through a detailed analysis of the institutions and practices surrounding the fiscal and...
Persistent link: https://www.econbiz.de/10010705521
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Modern Money Theory 101: A reply to critics
Tymoigne, Éric; Wray, L. Randall - 2013
One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unencumbered by hard financial constraints. Through a detailed analysis of the institutions and practices surrounding the fiscal and...
Persistent link: https://www.econbiz.de/10010513055
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Modern Money Theory 101 : a reply to critics
Tymoigne, Éric; Wray, L. Randall - 2013
One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unencumbered by hard financial constraints. Through a detailed analysis of the institutions and practices surrounding the fiscal and...
Persistent link: https://www.econbiz.de/10010197674