现代货币理论:批判

Q3 Economics, Econometrics and Finance

Cato Journal Pub Date : 2019-09-01 DOI:10.36009/CJ.39.3.4

W. Coats

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引用次数: 9

摘要

MMT在绿色新政中很受欢迎，因为它声称可以消除或至少放松对政府开支的传统限制。尽管MMT以其首选的方式来看待货币生产过程，但它并没有令人信服地揭示出在没有通胀的情况下赤字支出的更多空间。它将税收作为货币政策工具的提议忽视了几十年来将货币政策决策与财政/支出决策分开的努力

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Modern Monetary Theory: A Critique

MMT has become popular with Green New Dealers because it claims to remove or at least loosen traditional constraints on government spending. Although MMT makes much of its preferred way of looking at the process of producing money, it does not credibly reveal more scope for deficit spending without inflation. Its proposal to use taxation as a monetary policy instrument ignores decades of efforts to separate monetary policy decisions from fiscal/spending decisions in light of

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来源期刊

Cato Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

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