Thursday , November 21 2024
Home / Mike Norman Economics / Brian Romanchuk — MMT And Automatic Stabilizers

Brian Romanchuk — MMT And Automatic Stabilizers

Summary:
The recent internet debates about Modern Monetary Theory (MMT) have been interesting, but the various critics of MMT have largely missed the elephant in the room: automatic fiscal stabilisers. In my view (which may not reflect the official "MMT Party Line"), one of the keys strengths of MMT is that it is largely built around the importance of automatic stabilisers, and institutional details. The conventional view is to acknowledge the existence of automatic stabilisers, but otherwise pretend that they have no effect on the economy…. Bond Economics MMT And Automatic StabilizersBrian Romanchuk

Topics:
Mike Norman considers the following as important: , , , , , , ,

This could be interesting, too:

Matias Vernengo writes The second coming of Trumponomics

Lars Pålsson Syll writes Central bank independence — a convenient illusion

Merijn T. Knibbe writes How to deal with inflation?

NewDealdemocrat writes September consumer inflation: headline closing in on the Fed’s target

The recent internet debates about Modern Monetary Theory (MMT) have been interesting, but the various critics of MMT have largely missed the elephant in the room: automatic fiscal stabilisers. In my view (which may not reflect the official "MMT Party Line"), one of the keys strengths of MMT is that it is largely built around the importance of automatic stabilisers, and institutional details. The conventional view is to acknowledge the existence of automatic stabilisers, but otherwise pretend that they have no effect on the economy….
Bond Economics
MMT And Automatic Stabilizers
Brian Romanchuk
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *