Modern Monetary Theory: Methods of analysis used and paradoxical conclusions

V. K. Burlachkov ()

Voprosy Ekonomiki, 2021, issue 3

Abstract: The paper analyzes the main contradictions and consequences of Modern Monetary Theory. The consequences of budgetary deficit using as the main instrument of economic policy are estimated. The influence of this policy upon inflation expectations and currency rate dynamics are examined. The specifics of balance method using in the studies of systems with high intensity of the elements interactions is revealed. The necessity of testing mathematical and balance methods conclusions upon the preservation of the economic meaning is underlined.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2021:id:3351

DOI: 10.32609/0042-8736-2021-3-152-159

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