Introduction: Strange bedfellows and the rise of the modern money theory -- MMT basics and the sustainability of money … financed deficits -- Institutional specificity and the limited policy relevance of modern money theory -- The role of the …

; monetarism ; quantity theory …We introduce an approach for the empirical study of the quantity theory of money (QTM) that is novel both with respect … the QTM holds for low inflation as well as for high inflation. We discuss how our findings relate to monetarism generally …

1 -- Introduction: Strange Bedfellows and the Rise of Modern Money Theory -- 2. MMT Basics and the Sustainability of … Money Financed Deficits -- 3. Institutional Specificity and the Limited Policy Relevance of Modern Money Theory -- 4. The …This Palgrave Pivot assesses the validity of Modern Money Theory’s approach to macroeconomic policy, specifically …

of Economic Research at Mitsubishi UFJ Financial Group (Europe). His areas of expertise include monetarism in theory and …