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While Lagarde said MMT is no panacea, she didn’t reject it outright.“While it is tempting, when you look at the sort of mathematical modeling of it, and it seems to stand, there are big caveats about it, such as if the country is in a liquidity trap, such as if there is deflation. Well then, in those circumstances, it could possibly work for a short period of time probably, because interest rates stay low until such time when they start going up. And then it is a bit of a trap.”-- April 11, 2019, IMF press conference Interestingly, Christine Lagarde finds that MMT economist's modeling is solid, but she can't quite bring herself to follow though. Still progress, even so.BloombergThe World of Monetary Policy, According to Christine Lagarde Carolyn Look
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Mike Norman considers the following as important: Christine Lagarde, EBC, MMT, Monetary Policy
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While Lagarde said MMT is no panacea, she didn’t reject it outright.“While it is tempting, when you look at the sort of mathematical modeling of it, and it seems to stand, there are big caveats about it, such as if the country is in a liquidity trap, such as if there is deflation. Well then, in those circumstances, it could possibly work for a short period of time probably, because interest rates stay low until such time when they start going up. And then it is a bit of a trap.”-- April 11, 2019, IMF press conference Interestingly, Christine Lagarde finds that MMT economist's modeling is solid, but she can't quite bring herself to follow though. Still progress, even so.BloombergThe World of Monetary Policy, According to Christine Lagarde Carolyn Look
Topics:
Mike Norman considers the following as important: Christine Lagarde, EBC, MMT, Monetary Policy
This could be interesting, too:
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While Lagarde said MMT is no panacea, she didn’t reject it outright.Interestingly, Christine Lagarde finds that MMT economist's modeling is solid, but she can't quite bring herself to follow though. Still progress, even so.
“While it is tempting, when you look at the sort of mathematical modeling of it, and it seems to stand, there are big caveats about it, such as if the country is in a liquidity trap, such as if there is deflation. Well then, in those circumstances, it could possibly work for a short period of time probably, because interest rates stay low until such time when they start going up. And then it is a bit of a trap.”-- April 11, 2019, IMF press conference
Bloomberg
The World of Monetary Policy, According to Christine Lagarde
Carolyn Look