Former RBNZ economist Michael Reddell reviews Modern Monetary Theory where fiscal policy is the key lever rather than monetary policy; He argues monetary policy is still best for cyclical stabilisation

Michael Reddell takes issue with Bill Mitchell over the efficacy of fiscal policy versus monetary policy. Disagreement and debate are welcome, and this is not a back of the hand response, as so many are. It's one of the debates we should be having.

interest.co.nz
Former RBNZ economist Michael Reddell reviews Modern Monetary Theory where fiscal policy is the key lever rather than monetary policy; He argues monetary policy is still best for cyclical stabilisation

Michael Reddell