inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …

as part of an inflation-targeting framework. At the same time, Denmark is one of the worst growth performers during 2008 …

economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic …

economies. The general findings for monetary policy are that, while it was costly to lower inflation (in terms of output and … inflation further from its already low level. While inflation was being lowered, in a number of cases central banks were also … evidence that these changes have helped in terms of better anchoring inflation expectations. At the same time there is no firm …

's growth theory shows that credit-financed investment, which leads to an innovative use of existing resources, plays a decisive … neoclassical theory, which assigns the state merely the role of a capital destroyer. But it also offers a broader perspective than … that of monetary Keynesian theory, including MMT, in which government debt is seen to serve only to produce full employment …

Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained …