We hope to model financial fragility and money in a way that captures much of what is crucial in Hyman Minsky …

This article examines the misconceptions about modern money theory (MMT) put forward by . The author divides her … means-of-payment function of money, that it considers money as a pure asset, that it does not distinguish between inside and … outside money, and that it does not distinguish between money and the monetary base. Second, Drumetz/Pfister (2021) falsely …

The general equilibrium model with incomplete financial markets (GEI) is extended by adding fiat money, fiscal and … monetary policy and a cash-in-advance constraint. The central bank either pegs the interest rate or money supply while the …

One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments … categories: views about the origins of money and the role of taxes in the acceptance of government currency, views about fiscal …

money. Since the early 1930s Hayek had been concerned about the role of money in the theory of production (Hayek, 1931 … information to correctly manage the money supply. Frederic von Hayek, in fact, restated the relevance of concepts and ideas … over the issue of fiat money to prevent price instability (Hayek, 1976). His defense of a complete privatization of money …

integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …