In the concluding paragraph, Bossone writes,
"...this result vindicates the proposed measures to expand the money supply via overt monetary financing or neo-chartalism, which aims to inject new money independently of central banks' interet-rate policies, especially if these are limited by the zero lower bound."Fictional Reserve Barking
Which unconventional monetary policies hold most promise?
circuit
He's Italian (well Sicilian). And what's been the big thing in Italy lately? MMT!
ReplyDelete