Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/247774 
Year of Publication: 
2021
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 56 [Issue:] 6 [Publisher:] Springer [Place:] Heidelberg [Year:] 2021 [Pages:] 355-361
Publisher: 
Springer, Heidelberg
Abstract: 
In the last few years, the so-called Modern Monetary Theory (MMT) has been gaining prominence in the media and the public. This article presents the MMT approach to money and monetary policy, and discusses its recommendations regarding fiscal policy and aggregate demand management, the structural policies it advocates as well as the international aspects of MMT. Overall, it appears that MMT is based on an outdated state of economic science and that its claims regarding economic policies are much exaggerated: The meaning of MMT is more that of a political manifesto than of a genuine economic theory.
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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