The modern monetary theory literature seems to have escaped Drumetz/Pfister

Title: The modern monetary theory literature seems to have escaped Drumetz/Pfister
Creator: Mitchell, William F.
Relation: European Journal of Economics and Economic Policies: Intervention Vol. 20, Issue 1, p. 23-33
Publisher Link: http://dx.doi.org/10.4337/ejeep.2022.0090
Publisher: Edward Elgar Publishing
Resource Type: journal article
Date: 2023
Description: This paper provides a response to the recently published critique of modern monetary theory (MMT) by Drumetz/Pfister, which is based on a superficial representation of the body of knowledge and fol-lows a familiar script: MMT is about printing money to solve all problems and will cause accelerat-ing inflation, a plethora of unproductive jobs, and a bond-market revolt. The paper demonstrates that if the authors had consulted the published academic literature, they would have realised that many of the assertions they make are simply without foundation.
Subject: modern monetary theory (MMT); job guarantee; inflation; printing money
Identifier: http://hdl.handle.net/1959.13/1484872
Identifier: uon:51429
Identifier: ISSN:2052-7764
Rights: x
Language: eng
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