MMT Has a Big Hurdle to Overcome to Succeed in Europe — Carolynn Look

Reporting about MMT that is actually accurate. Winning!

Yahoo Finance
MMT Has a Big Hurdle to Overcome to Succeed in Europe
Carolynn Look, Bloomberg

Ralph Musgrave — Article in the Frankfurter Allgemeine by Dirk Ehnts on MMT.

Ralph makes some good points.

Ralphonomics
Article in the Frankfurter Allgemeine by Dirk Ehnts on MMT.

Ralph Musgrave

Brian Romanchuk — Book Review: Modern Monetary Theory And European Macroeconomics

Dirk H. Ehnts, a lecturer in economics at Bard College, Berlin, has written Modern Monetary Theory and European Macroeconomics. The book acts an introduction to Modern Monetary Theory (MMT), aimed specifically at the situation in the euro area. This is distinctive, as a great deal of the MMT literature discusses the situation of floating currency sovereigns (which is the preferred position in MMT, as distinct from the rest of the post-Keynesian literature, where some economists are in favour of currency pegs). The later chapters of the book give a historical explanation of the euro crisis, and offers an outline of how the euro area can be reformed. The book is aimed at non-specialist readers....

Bond Economics
Book Review: Modern Monetary Theory And European Macroeconomics
Brian Romanchuk

Dirk Ehnts — Modern Monetary Theory and European Macroeconomics: preview

For those of you who are interested in my book (published with Routledge in 2016) but want to have a look first before buying the hardcover version or the ebook I provide this link to Google Books which shows quite a lot of the pages for free:

econoblog 101
Modern Monetary Theory and European Macroeconomics: preview
Dirk Ehnts | Lecturer at Bard College Berlin

Dirk Ehnts — Out now: Modern Monetary Theory and European Macroeconomics

My book has just been published by Routledge. Here is the teaser from Routledge’s website:

This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is born on the balance sheets of the central bank or commercial bank. While households and firms hold accounts at banks with deposits, banks hold an account at the central bank where deposits are called reserves. The book aims to explain how the two monetary circuits – central bank deposits and bank deposits – are intertwined. It is also shown how government spending injects money into the economy.

Modern Monetary Theory and European Macroeconomics covers both the general case and then the Eurozone specifically. A very simple macroeconomic model follows which explains the major accounting identities of macroeconomics. Using this new methodology, the Eurozone crisis is examined from a fresh perspective. It turns out that not government debt but the stagnation of private sector debt was the major economic problem and that cuts in government spending worsened the economic situation. The concluding chapters discuss what a solution to the current problems of the Eurozone must look like, with scenarios that examine a future with and without a euro.

This book provides a detailed balance sheet view of monetary and fiscal operations, with a focus on the Eurozone economy. Students, policy-makers and financial market actors will learn to assess the institutional processes that underpin a modern monetary economy, in times of boom and in times of bust.

Congratulations!

econoblog 101
Out now: Modern Monetary Theory and European Macroeconomics
Dirk Ehnts | Lecturer at Bard College Berlin

Maastricht University — Modern Monetary Theory and European Macroeconomics

The course aims to explain how the two monetary circuits – central bank deposits and bank deposits – are intertwined. It is also shown how government spending injects money into the economy. We discuss real world problems with a focus on the economic crisis in the Eurozone. Specific issues discussed are quantitative easing, the TARGET2 system and the way the European Central Bank works.

MMT 101

Fitting it should be given at Maastricht!

Maastricht University
Modern Monetary Theory and European Macroeconomics
Teacher/coordinator: Dirk H. Ehnts, PhD

Dirk Ehnts — Keynesian New Economics

Dirk Ehnts's proposal for "Keynesian New Economics," not to be confused with New Keynesian Economics.

econoblog 101
Keynesian New Economics
Dirk Ehnts | Lecturer at Bard College Berlin

Dirk Ehnts — Sympathy for the deficit – or better empathy?

It seems that prosocial behavior is acquired, not hardwired into the genes. If that is so, the recent failure of empathy in the European Monetary Union has much deeper roots than financial problems. Perhaps antisocial behavior was rewarded too much in the past, with taxes falling for the wealthier part of Europeans, tax flight being more and more common and financial crimes were decriminalized.

econoblog101
Sympathy for the deficit – or better empathy?
Dirk Ehnts | Berlin School for Economics and Law

Two relevant recent findings. First, taking university courses in economics makes on less pro-social, and secondly, elevated social status and wealth also make one less pro-social. Maybe there are some lessons here.