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 …

This paper analyzes the effectiveness of monetary policy on money and credit in Pakistan by using the data rich …

This paper provides a critical discussion of monetarism and the difficulties of understanding macroeconomic …

since the mid-1970s. Traditional forms of money demand and quantity theory relationships have remained stable over the whole … period. Broad money excesses over trend values, accounting for a secular decline in interest rates and thus in trend velocity …, have been followed by persistently higher inflation and output with the usual monetary policy transmission lags. Money and …