Modern monetary theory or modern money theory (MMT) is a heterodox [1] macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. [2]

Jun 30, 2024 · Modern monetary theory (MMT) is a heterodox macroeconomic supposition that asserts that monetarily sovereign countries—such as the U.S., U.K., Japan, and Canada, which spend, tax, and borrow in a...

Oct 16, 2024 · Monetary theory posits that a change in money supply is a key driver of economic activity. A simple formula, the equation of exchange, governs monetary theory: MV = PQ. The Federal Reserve...

Jan 8, 2021 · Modern Monetary Theory was pioneered by American economist and theorist Warren Mosler in 1992, along with Bill Mitchell, a university professor based in Australia and a key developer of the...

In this course, we will see exactly how monetary policy works. Nonetheless, many argue monetary policy has recently fueled several bubbles, and many have criticized the FED’s management of the credit crises. We will examine the credit crises …

Modern Monetary Theory (MMT) is a policy model for funding govern-ment spending. While MMT is not new, it has recently received wide-spread attention, particularly as government spending has increased dramatically in response to the ongoing COVID-19 crisis and concerns grow about how to pay for this increased spending.

Modern Monetary Theory is a bold and controversial approach to economic policy. It challenges long-held beliefs about government finance, deficits, and inflation, offering a new lens through which to view the role of the state in the economy.

First, a student attending just the lectures can gain an overview of issues in monetary theory and policy. Second, a student attending both the lectures and the weekly lab sessions can obtain a more detailed understanding of how modern macroeconomic models are constructed and used.

Mar 19, 2020 · Modern monetary theory is a heterodox economic theory which states governments should not worry about government borrowing but be willing to aim for full employment. Full employment should be achieved through expansionary fiscal policy and financed by creating money.

Jan 31, 2017 · Modern monetary theory is gaining traction in a global economic environment that defies the efforts of policymakers to restore growth.