Modern monetary theory: contributions and critics

James Juniper · Timothy P. Sharpe · Martin John Watts

24 citations0/0 files storedJournal of Post Keynesian Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Economic Theory and Policy Monetary Policy and Economic Impact Economic theories and models

Abstract

Over the past decade or so, a number of post Keynesians have been critical of modern monetary theory (MMT) despite MMT being a part of the post Keynesian tradition. In this paper we argue that the incorporation of MMT principles enhances the post Keynesian theoretical and policy framework. We substantiate this claim by (1) outlining the common theoretical elements that unite post Keynesian and MMT advocates; (2) addressing post Keynesian claims regarding the MMT interpretation of money and the monetary system; (3) examining the differing perspectives on the role of fiscal policy to achieve sustained full employment.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 24 citations exist upstream.

Cited by

2016CURBING THE LABOUR MARKET DIVIDE BY FOSTERING INCLUSIVE LABOUR MARKETS THROUGH A JOB GUARANTEE SCHEME 2021Crisis and the Role of Money in the Real and Financial Economies—An Innovative Approach to Monetary Stimulus 2021Seven Replies to the Critiques of Modern Money Theory 2021China’s Economic Growth in 2010–2017: Analysis from the Perspective of the Input-Output Model and Modern Monetary Theory

Imported from OpenAlex (CC0) — nothing here is generated.