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What s Wrong with Modern Money Theory A Policy Critique by Epstein Gerald A 9783030265045 3030265048

Name: What s Wrong with Modern Money Theory A Policy Critique by Epstein Gerald A 9783030265045 3030265048
SKU: EB-37181414
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What s Wrong with Modern Money Theory A Policy Critique Epstein Gerald A Digital Instant Download

Author(s): Epstein Gerald A

Edition: 1st ed. 2019

File Details: PDF, 1.43 MB

Year: 2019

Language: english

SKU: EB-37181414 Category: Uncategorized Tags: 3030265048, 9783030265045, A Policy Critique, Epstein Gerald A, Modern Money

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What s Wrong with Modern Money Theory A Policy Critique Epstein Gerald A – Ebook PDF Instant Download/Delivery, ISBN: 9783030265045, 3030265048

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ISBN 10: 3030265048
ISBN 13: 9783030265045
Author: Epstein Gerald A

What’s Wrong with Modern Money Theory?
A Policy Critique

This Palgrave Pivot assesses the validity of Modern Money Theory’s approach to macroeconomic policy, specifically monetary and fiscal policy. Whereas other papers have focused primarily on theoretical and doctrinal issues, this book focuses primarily on an analysis of MMT’s policy approach. Though drawing on academic literature, this book’s approach is empirical and policy-based, making it accessible to scholars and the public alike. It addresses a burning question in the policy and politics of the US and elsewhere where MMT is gaining a policy foothold, especially among progressive activists and politicians: Is MMT, in fact, a good guide for progressive macroeconomic policy? The main focus of this book is to explain why the answer to this question is no.

Table contents:

1. Introduction: Strange Bedfellows and the Rise of Modern Money Theory
2. MMT Basics and the Sustainability of Money Financed Deficits
3. Institutional Specificity and the Limited Policy Relevance of Modern Money Theory
4. The Role of the Dollar as an International Currency and Its Limits in a Multi-Key Currency World
5. “America First” Monetary Policy and Its Costs
6. The Mystery of the Missing Minsky: Financial Instability as a Constraint on MMT Macroeconomic Policy
7. An MMT Free Lunch Mirage Can Lead to Perverse Outcomes: Fight Your Friends, Spare Your Enemies
8. Conclusion: Contours of a Progressive Macroeconomic Policy

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