Modern Monetary Theory
Brian Easton asks whether Modern Monetary Theory is a new way of thinking about the economy or just an old way, that was problematic in the past, dressed up to appear novel?
19th Dec 22, 9:00am
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Brian Easton asks whether Modern Monetary Theory is a new way of thinking about the economy or just an old way, that was problematic in the past, dressed up to appear novel?
Raghuram Rajan explains why today's abnormal financial conditions do not justify unlimited borrowing and spending
10th Dec 20, 11:02am
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Raghuram Rajan explains why today's abnormal financial conditions do not justify unlimited borrowing and spending
Grant Robertson remains committed to reducing government debt long-term, saying Modern Monetary Theory isn't an approach he's looking to adopt
6th Aug 20, 9:23am
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Grant Robertson remains committed to reducing government debt long-term, saying Modern Monetary Theory isn't an approach he's looking to adopt
MMT economist Steven Hail argues that, as long as the New Zealand Government remains a monetary sovereign, there can never be a government debt crisis
4th Aug 20, 12:15pm
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MMT economist Steven Hail argues that, as long as the New Zealand Government remains a monetary sovereign, there can never be a government debt crisis
The flooding of capital markets with massive new money from the RBNZ's quantitative easing program calls for a fuller debate of what the central bank and the Minister of Finance are trying to achieve, says Keith Woodford
21st Jun 20, 6:02am
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The flooding of capital markets with massive new money from the RBNZ's quantitative easing program calls for a fuller debate of what the central bank and the Minister of Finance are trying to achieve, says Keith Woodford
Willem Buiter warns that Modern Monetary Theory's implicit assumptions could encourage reckless policymaking
6th May 20, 10:03am
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Willem Buiter warns that Modern Monetary Theory's implicit assumptions could encourage reckless policymaking
Willem Buiter compares the plans for monetary-financed deficit spending in the United States, Britain and Europe
28th Mar 20, 10:04am
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Willem Buiter compares the plans for monetary-financed deficit spending in the United States, Britain and Europe
It is not true that Japan's experience proves that Modern Monetary Theory works, as some have argued. But increasing deficit-financed spending, in Japan and elsewhere, may still have merit, despite inflationary risks
2nd Jul 19, 1:30pm
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It is not true that Japan's experience proves that Modern Monetary Theory works, as some have argued. But increasing deficit-financed spending, in Japan and elsewhere, may still have merit, despite inflationary risks
The experience of Latin America should serve as a clear warning for today’s Modern Monetary Theory enthusiasts. There, fiscal expansions that were financed by printing money spun catastrophically out of control
19th May 19, 6:02am
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The experience of Latin America should serve as a clear warning for today’s Modern Monetary Theory enthusiasts. There, fiscal expansions that were financed by printing money spun catastrophically out of control
Former RBNZ economist Michael Reddell reviews Modern Monetary Theory where fiscal policy is the key lever rather than monetary policy; He argues monetary policy is still best for cyclical stabilisation
31st Jul 17, 4:03pm
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Former RBNZ economist Michael Reddell reviews Modern Monetary Theory where fiscal policy is the key lever rather than monetary policy; He argues monetary policy is still best for cyclical stabilisation