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MMT, sovereign currencies and the Eurozone
Lavoie, Marc - In: Review of political economy 34 (2022) 4, pp. 633-646
Persistent link: https://www.econbiz.de/10013411484
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Modern Monetary Theory, fiscal dominance and the European Central Bank
Prinz, Aloys; Beck, Hanno - In: Credit and capital markets : Kredit und Kapital 55 (2022) 4, pp. 431-456
inflation. Although MMT requires that the government has its own currency, it has been proposed as a policy concept for the EMU … inflation. Secondly, MMT's inappropriateness for dealing with banking fragility and financial stability in the EMU is shown …
Persistent link: https://www.econbiz.de/10014518596
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Mythos Geldknappheit : Modern Monetary Theory oder warum es am Geld nicht scheitern muss
Höfgen, Maurice - 2020 - 1. Auflage
Klimakrise, Pandemie, Ungleichheit, politischer Rechtsruck IBU grosse gesellschaftliche Herausforderungen, die es zu lösen gilt. Leider scheitern Reformen zumeist an der Frage: ?wie sollen wir das bezahlen?". Weit verbreitete Irrtümer zur Funktionsweise des Geldsystems und ökonomischen...
Persistent link: https://www.econbiz.de/10012223668
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The quality of eligible collateral and monetary stability : an empirical analysis
Lehmbecker, Philipp - 2008
investigates to what extent the quality of eligible collateral is able to explain inflation employing the first comprehensive … statistically significant correlation between QEC and average inflation is found. This result is robust to the use of control …
Persistent link: https://www.econbiz.de/10010206377
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Measuring the quality of eligible collateral
Lehmbecker, Philipp; Missong, Martin - 2008
countries and we show that this index has the potential to affect monetary stability as measured by national inflation rates …. The existence of a correlation between inflation and the quality of eligible collateral would strongly support fundamental …
Persistent link: https://www.econbiz.de/10010206378
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What modern monetary theory is, and what it is not
Carnevali, Emilio; Fontana, Giuseppe - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 56-66
Modern monetary theory (MMT) has grown in popularity in recent years. Several central bankers have made passing comments about it. However, the publication of two papers by Drumetz/Pfister of the Banque de France in 2021 represents the first attempt at a more systematic assessment of MMT by two...
Persistent link: https://www.econbiz.de/10014433715
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Some Kaleckian remarks on modern monetary theory in light of a paper by Drumetz/Pfister
Sawyer, Malcolm C. - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 67-77
crowding out are raised. Some aspects of inflation and hyper-inflation are then discussed. The conditions for the establishment …
Persistent link: https://www.econbiz.de/10014433717
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Reshaping monetary policy after the Great Crash : John H. Williams at the NY Fed
Asso, Pier Francesco; Nerozzi, Sebastiano - In: History of economic ideas : HEI 28 (2020) 1, pp. 87-119
Persistent link: https://www.econbiz.de/10012627650
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A new digital currency system
Hee, Kees van; Wijngaard, Jacob - In: Central European review of economics and management : CEREM 5 (2021) 4, pp. 33-60
Aim: The aim of this paper is to describe the construction of a new system for digital currency governed by the central bank, Central Bank Digital Currency (CBDC). Although the system uses cryptography, it is a new alternative for crypto currency like the Bitcoin. Today there is a global...
Persistent link: https://www.econbiz.de/10013202349
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Debates in Monetary Macroeconomics : Tackling Some Unsettled Questions
Pressman, Steven (ed.); Smithin, John N. (ed.) - 2022
1. Introduction - Pressman and Smithin -- I. Budget -- 2. Keynes after Piketty: Some Unsettling Questions Regarding Government Budget Deficits - Steven Pressman -- 3. Some Unsettling Questions Regarding Government Budget Deficits: The National Debt is Irrelevant - David Barrows -- II. Trade --...
Persistent link: https://www.econbiz.de/10013461555