Modern Monetary Theory

Text covers general equilibrium models of money, models of the short-run real effects of monetary policy, and game-theoretic approaches to monetary policy. Includes new discussions of empirical evidence on the interest of elasticity of money demand, the fiscal theory of price level, and the new Keynesian model. For students of monetary economics.

Monetary Theory and Policy presents an advanced treatment of critical topics in monetary economics and the models economists use to investigate the interactions between real and monetary factors…

In a challenge to conventional views on modern monetary and fiscal policy, this book presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.

MMT will change your macroeconomic worldview