Sunday, March 18, 2018

Brian Romanchuk — Understanding Fiscal Sustainability Debates

I have encountered a number of discussions of fiscal sustainability over the past weeks. In particular, there have been debates between proponents of Modern Monetary Theory (MMT) and mainstream economists. This article does not attempt to settle the debate (although I am in the MMT camp, and obviously biased), rather frame the discussion. One of the problems with the debate is that the sides tend to talk past each other, as they have a quite different theoretical views, and this article explains why....
Bond Economics
Understanding Fiscal Sustainability Debates
Brian Romanchuk

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