What modern monetary theory is, and what it is not

被引：0
|
作者：
Carnevali, Emilio [1 ]
Fontana, Giuseppe [2 ,3 ]
机构：
[1] Northumbria Univ, Newcastle Upon Tyne, England
[2] Univ Leeds, Leeds, England
[3] Univ Sannio, Benevento, Italy
来源：
EUROPEAN JOURNAL OF ECONOMICS AND ECONOMIC POLICIES-INTERVENTION | 2023年 / 20卷 / 01期
关键词：
modern monetary theory; government debt; central banking; inflation; fiscal policy;
D O I：
10.4337/ejeep.2022.0088
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 scholars with knowledge of and experience in central banking. This is a welcome event in the economic debate. The present paper analyses the merits of Drumetz/Pfister's criticism, and investi-gates some of the most common sources of 'misinterpretation' of MMT.
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页码：56 / 66
页数：11
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