商业周期、通货膨胀和失业:MMT视角

ERN: Central Banks - Policies (Topic) Pub Date : 2021-07-24 DOI:10.2139/ssrn.3949081

Navaneeth M S

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摘要

任何现代经济体都面临周期性波动趋势，这种波动会扰乱宏观经济变量，导致经济活动大幅下滑——这被概念化为商业周期。这篇综述文章根据现代货币理论(MMT)提出的各种论点，研究了中央银行在经济衰退期间采取的反周期政策。最后，本文还探讨了菲利普斯曲线背后的假设，以及MMT在通胀目标制方面提供了什么

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Business Cycles, Inflation and Unemployment: An MMT perspective

Any modern economy faces the periodic tendency of fluctuations that disrupts the macroeconomic variables leading to massive downturns in economic activity- conceptualised as business cycles. This review article examines the countercyclical policies adopted by Central Banks during recessions in light of the various arguments laid out by Modern Monetary Theory (MMT). Finally, it also looks into the assumptions behind Phillips' curve and what MMT has to offer in terms of inflation targeting

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ERN: Central Banks - Policies (Topic)

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