Modern Monetary Theory: A Wrong Compass for Decision-Making

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 stru...

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Bibliographic Details
Main Authors: Françoise Drumetz, Christian Pfister
Format: Article
Language:English
Published: Springer 2021-12-01
Series:Intereconomics
Online Access:https://doi.org/10.1007/s10272-021-1014-5
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