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Inequality, the financial crisis and stagnation : competing stories and why they matter
Palley, Thomas I. - 2015
This paper examines several mainstream explanations of the financial crisis and stagnation and the role they attribute … financial crisis and stagnation, making it critical we get the story right. … Stagnation sowie die Rolle, die sie der Einkommensungleichheit zuschreiben. Diesen Erklärungen wird eine strukturelle …
Persistent link: https://www.econbiz.de/10010526792
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Desigualdad, Crisis Financiera Y Estancamiento : Historias Alternativas Y Por Qué Importan (Inequality, the Financial Crisis and Stagnation: Competing Stories and Why They Matter)
Palley, Thomas I. - 2016
English Abstract: This paper examines some conventional explanations of the financial crisis and stagnation, and the … shapes policy. And this necessarily applies to the issue of income inequality, the financial crisis and stagnation …
Persistent link: https://www.econbiz.de/10012988449
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Inequality and stagnation by policy design : mainstream denialism and its dengerous political consequences
Palley, Thomas I. - 2019
stagnation that attribute those events to the policies recommended and justified by the profession. Such theories are … legitimize those theories. That resistance has contributed to blocking the politics and policies needed to address stagnation …
Persistent link: https://www.econbiz.de/10011979232
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Has the Fed's Expansion of Capital Only Driven Speculation? And Are We Really in a Asset-Driven Recession?
Caldararo, Niccolo Leo - 2018
is unemployment, wage stagnation and wild increases in asset prices, especially equities, are incongruent. Yet central …
Persistent link: https://www.econbiz.de/10012930966
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Money, fiscal policy, and interest rates: A critique of Modern Monetary Theory
Palley, Thomas I. - 2013
This paper excavates the set of ideas known as modern monetary theory (MMT). The principal conclusion is that the macroeconomics of MMT is a restatement of elementary well-understood Keynesian macroeconomics. There is nothing new in MMT's construction of monetary macroeconomics that warrants the...
Persistent link: https://www.econbiz.de/10010460532
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The critics of modern money theory (MMT) are right
Palley, Thomas I. - 2014
Eric Tymoigne and Randall Wray's (T&W, 2013) defense of MMT leaves the MMT emperor even more naked than before (excuse the Yogi Berra-ism). The criticism of MMT is not that it has produced nothing new. The criticism is that MMT is a mix of old and new, the old is correct and well understood,...
Persistent link: https://www.econbiz.de/10010460557
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Money, fiscal policy, and interest rates : a critique of modern monetary theory
Palley, Thomas I. - 2013
This paper excavates the set of ideas known as modern monetary theory (MMT). The principal conclusion is that the macroeconomics of MMT is a restatement of elementary well-understood Keynesian macroeconomics. There is nothing new in MMT's construction of monetary macroeconomics that warrants the...
Persistent link: https://www.econbiz.de/10009746988
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The critics of modern money theory (MMT) are right
Palley, Thomas I. - 2014
Eric Tymoigne and Randall Wray's (T&W, 2013) defense of MMT leaves the MMT emperor even more naked than before (excuse the Yogi Berra-ism). The criticism of MMT is not that it has produced nothing new. The criticism is that MMT is a mix of old and new, the old is correct and well understood,...
Persistent link: https://www.econbiz.de/10010349920
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A Post Keynesian Review of Modern Monetary Theory
Túñez Area, Narciso - 2020
Modern Monetary Theory has lately received much attention but also a fair amount of criticisms. The intention of this paper is to review the main arguments in contention to assess the validity of the arguments put forward and the limitations of its policies. Modern Monetary Theory questions...
Persistent link: https://www.econbiz.de/10012837299
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The critics of modern money theory (MMT) are right
Palley, Thomas I. - Institut für Makroökonomie und Konjunkturforschung … - 2014
Eric Tymoigne and Randall Wray's (T&W, 2013) defense of MMT leaves the MMT emperor even more naked than before (excuse the Yogi Berra-ism). The criticism of MMT is not that it has produced nothing new. The criticism is that MMT is a mix of old and new, the old is correct and well understood,...
Persistent link: https://www.econbiz.de/10010858912