Depression and the theoretical framework Keynes presents in The General Theory, the assumption of a constant money stock …

This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations … argued that the central bank can influence the long-term interest rate on government bonds and the shape of the yield curve … mainly through the short-term interest rate. Investors' psychology, herding behavior in financial markets, and uncertainty …

inflation, arguing that relying on high interest rates is misguided and causing unnecessary pain. Modern Money Theory provides …1. The Basics of Modern Money Theory -- 2. The Basics of Macroeconomic Accounting -- 3. Spending by Issuer of Domestic … Own Currency -- 6. Tax Policy for Sovereign Nations -- 7. Modern Money Theory and Alternative Exchange Rate Regimes -- 8 …