Modern Monetary Theory and policy

Stan Veuger

AEI Economic Perspectives, 2019

Abstract: Proponents of so-called Modern Monetary Theory emphasize that governments can always avoid defaulting on existing obligations denominated in a currency they themselves create. In many instances, they extrapolate from this correct observation to sweeping claims about the proper size of government and the role of monetary and fiscal policy.ÂÂ

Keywords: AEI Economic Perspectives; monetary policy (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2019
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