Modern Monetary Theory: Difference between revisions
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imported>Doug Williamson (Create page. Sources: CASS working paper 6 April 2020 file:///C:/Users/Doug/Downloads/SSRN-id3569416.pdf, Economics Help webpage https://www.economicshelp.org/blog/162341/economics/modern-monetary-theory-mmt-explained/) |
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Revision as of 02:52, 27 January 2021
Monetary policy - unconventional monetary policy.
(MMT).
MMT is an unorthodox economic theory that suggests that central banks and policy makers can be relatively relaxed about government deficits.
The reason being, in simple terms, that they can create more fiat money without any theoretical limit.
As a consequence, under MMT, monetary and fiscal policy should focus primarily on full employment and price stability.
