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Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
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, fiscal consolidation, privatization, and wealth taxation) and heterodox options (inflation, financial repression, debt …
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conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper … complemented by better exchange rate management (resulting in lower exchange rate and inflation volatility) and more fiscal … banks, as well as slightly higher national savings, further increased Africa’s resilience to shocks. Regarding structural …
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private sector intensified. Policy support, however, averted a credit crunch. The increase in public debt across Africa due to …
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