Modern Money Theory
Springer International Publishing (Verlag)
978-3-031-47886-4 (ISBN)
This book, a revised new edition, examines how money is created and how it functions within global exchange rate regimes to highlight how monetary policy can promote economic growth, full employment, and price stability. It provides an introduction to the basics of macroeconomic accounting and the domestic monetary system, as well as fiscal operations, tax policy for sovereign nations, alternative exchange rate regimes. New topics, including central bank clearing, responses to the COVID-19 pandemic, the rise of inflation, and how to finance a Green New Deal, are also discussed.
Modern Money Theory provides the reader with a framework for understanding real world economies. It will be relevant to students, researchers, and policymakers interested in monetary policy.
L. Randall Wray is Professor of Economics at the Levy Economics Institute of Bard College. He was invited to present on MMT before the Congressional Budget Office, and to give testimony before the House Budget Committee. The Chairman of that Committee, John Yarmuth later gave a remarkable interview in which he cogently summarized and endorsed the main conclusions of MMT.
1. The Basics of Modern Money Theory.- 2. The Basics of Macroeconomic Accounting.- 3. Spending by Issuer of Domestic Currency.- 4. The Domestic Monetary System: Banking and Central Banking.- 5. Fiscal Operations in a Nation That Issues Its Own Currency.- 6. Tax Policy for Sovereign Nations.- 7. Modern Money Theory and Alternative Exchange Rate Regimes.- 8. Monetary and Fiscal Policy for Sovereign Currencies: What Should Government Do?.- 9. Policy for Full Employment and Price Stability.- 10. Inflation and sovereign currencies.- 11. Conclusions: Modern money theory for sovereign currencies.
| Erscheinungsdatum | 03.05.2024 |
|---|---|
| Zusatzinfo | XI, 320 p. 18 illus., 7 illus. in color. |
| Verlagsort | Cham |
| Sprache | englisch |
| Maße | 148 x 210 mm |
| Themenwelt | Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie |
| Schlagworte | Alternative exchange rate regimes • Balance sheets of banks • Central bank clearing • COVID-19 economic response • Domestic currency • Domestic monetary systems • Economic Sustainability • Employment and price stability • Exogenous interest rates • Fiscal operations • floating exchange rates • Government budget deficits • Inflation and sovereign currencies • Macroeconomic Accounting • Quantitative Easing • sovereign currency • Stocks and flows • Tax policy for sovereign nations • Treasury coordination • Treasury debt operations |
| ISBN-10 | 3-031-47886-X / 303147886X |
| ISBN-13 | 978-3-031-47886-4 / 9783031478864 |
| Zustand | Neuware |
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