Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/280733 
Year of Publication: 
2023
Citation: 
[Journal:] European Journal of Economics and Economic Policies: Intervention (EJEEP) [ISSN:] 2052-7772 [Volume:] 20 [Issue:] 1 [Year:] 2023 [Pages:] 43-55
Publisher: 
Edward Elgar Publishing, Cheltenham
Abstract: 
This paper draws on nearly 25 years of modern monetary theory (MMT) scholarship to provide an assessment of the critique of MMT by Drumetz/Pfister in their 2021 working paper. The present paper commences with a review of methodology. It then pursues a thematic approach, initially exploring the issue of currency sovereignty and the nature of modern monetary systems before addressing the specific criticisms that Drumetz/Pfister have raised about MMT's approach to monetary and fiscal policy.
Subjects: 
institutional practice
fiat currency
monetary policy
fiscal policy
JEL: 
B22
E42
E52
E62
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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