Showing 1 - 10 of 14,603
When the government issues long-term bonds, the optimal time-consistent fiscal and monetary policy is to consolidate debt in a liquidity trap by increasing taxes and by taming public spending. This prescription is at odds with large deficit-spending undertaken in the US during previous liquidity...
Persistent link: https://www.econbiz.de/10014083615
Persistent link: https://www.econbiz.de/10013336135
of Virginia (1760s) and its lessons -- Chapter 4. Modern Money Theory as Part of Economics -- Chapter 5. What is economic … provides an introduction to modern monetary theory without requiring any prior knowledge of economics. It covers the most … important aspects of monetary theory, including inflation targeting, government spending, and international trade, as well as …
Persistent link: https://www.econbiz.de/10014512189
Macroeconomic Theory and Macroeconomic Pedagogy Edited by Giuseppe Fontana University of Leeds, UK, and University … xi Foreword by Carl E. Walsh x ix Macroeconomic Theory a n d M acroeconomic … Endogenous-Money Theory Amendment of the New Consensus Macroeconomic Model 7 Teaching Macroeconomics When the Endogeneity …
Persistent link: https://www.econbiz.de/10003826225
This book aims to showcase and advance recent debates over the extent to which undergraduate macroeconomics teaching models adequately reflect the latest developments in the field. It contains 16 essays on topics including the 3-equation New Consensus model, extensions and alternatives to this...
Persistent link: https://www.econbiz.de/10014484794
Persistent link: https://www.econbiz.de/10008738345
This article examines the misconceptions about modern money theory (MMT) put forward by . The author divides her …
Persistent link: https://www.econbiz.de/10014433702
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 … Stability -- 10. Inflation and sovereign currencies -- 11. Conclusions: Modern money theory for sovereign currencies. …
Persistent link: https://www.econbiz.de/10014505159
Persistent link: https://www.econbiz.de/10012806285
Persistent link: https://www.econbiz.de/10012595927