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-pricing theory, is calibrated to analyze the effects of monetary policy and financial innovation. We show that inflation can raise …
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-pricing theory, is calibrated to analyze the effects of monetary policy and financial innovation. We show that inflation can raise …
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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 …
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