- Title
- The contribution of MMT to modern macroeconomics
- Creator
- Watts, Martin; Juniper, James
- Relation
- European Journal of Economics and Economic Policies: Intervention Vol. 20, Issue 1, p. 43-55
- Publisher Link
- http://dx.doi.org/10.4337/ejeep.2022.0093
- Publisher
- Edward Elgar Publishing
- Resource Type
- journal article
- Date
- 2023
- Description
- This paper draws on nearly 25 years of modern monetary theory (MMT) scholarship to provide an assessment of the critique of MMT by Drumetz/Pfister in their 2021 working paper. The present paper commences with a review of methodology. It then pursues a thematic approach, initially exploring the issue of currency sovereignty and the nature of modern monetary systems before addres-sing the specific criticisms that Drumetz/Pfister have raised about MMT’s approach to monetary and fiscal policy.
- Subject
- institutional practice; fiat currency; monetary policy; fiscal policy
- Identifier
- http://hdl.handle.net/1959.13/1484239
- Identifier
- uon:51285
- Identifier
- ISSN:2052-7764
- Rights
- x
- Language
- eng
- Reviewed
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