Sunday, January 19, 2020

MMT And Policy Variables — Brian Romanchuk

One of the distinctive features of Modern Monetary Theory (MMT) is the choice of variables used by policymakers to guide he economy. The choices are unconventional: interest rate policy is downplayed or even eliminated, while the requisition price used by the fiscal arm of government is emphasised. This can be seen in the structure of the Monetary Monopoly model (link)....
Bond Economics
MMT And Policy Variables
Brian Romanchuk

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