A Skeptic's Guide to Modern Monetary Theory

N. Gregory Mankiw

No 26650, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This essay discusses a new approach to macroeconomics called modern monetary theory (MMT). It identifies the key differences between MMT and the approach found in mainstream textbooks. It concludes that while MMT contains some kernels of truth, its most novel policy prescriptions do not follow cogently from its premises.

JEL-codes: E0 H6 (search for similar items in EconPapers)
Date: 2020-01
New Economics Papers: this item is included in nep-hme, nep-hpe, nep-mac and nep-mon
Note: EFG ME
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published as N. Gregory Mankiw, 2020. "A Skeptic’s Guide to Modern Monetary Theory," AEA Papers and Proceedings, vol 110, pages 141-144.

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Journal Article: A Skeptic's Guide to Modern Monetary Theory (2020)
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