by Summary:
I have encountered a number of discussions of fiscal sustainability over the past weeks. In particular, there have been debates between proponents of Modern Monetary Theory (MMT) and mainstream economists. This article does not attempt to settle the debate (although I am in the MMT camp, and obviously biased), rather frame the discussion. One of the problems with the debate is that the sides tend to talk past each other, as they have a quite different theoretical views, and this article explains why.... Bond Economics Understanding Fiscal Sustainability DebatesBrian Romanchuk
Topics:
Mike Norman considers the following as important: budget constraint, Fiscal Sustainability, IGBC, MMT
This could be interesting, too:
I have encountered a number of discussions of fiscal sustainability over the past weeks. In particular, there have been debates between proponents of Modern Monetary Theory (MMT) and mainstream economists. This article does not attempt to settle the debate (although I am in the MMT camp, and obviously biased), rather frame the discussion. One of the problems with the debate is that the sides tend to talk past each other, as they have a quite different theoretical views, and this article explains why.... Bond Economics Understanding Fiscal Sustainability DebatesBrian Romanchuk
Topics:
Mike Norman considers the following as important: budget constraint, Fiscal Sustainability, IGBC, MMT
This could be interesting, too:
Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.
Steve Roth writes MMT and the Wealth of Nations, Revisited
Matias Vernengo writes On central bank independence, and Brazilian monetary policy
Michael Hudson writes International Trade and MMT with Keen, Hudson
I have encountered a number of discussions of fiscal sustainability over the past weeks. In particular, there have been debates between proponents of Modern Monetary Theory (MMT) and mainstream economists. This article does not attempt to settle the debate (although I am in the MMT camp, and obviously biased), rather frame the discussion. One of the problems with the debate is that the sides tend to talk past each other, as they have a quite different theoretical views, and this article explains why....Bond Economics
Understanding Fiscal Sustainability Debates
Brian Romanchuk