Modern Money Theory

A Primer on Macroeconomics for Sovereign Monetary Systems

AvL. Randall Wray

Häftad, Engelska, 2024

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Beskrivning

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.

Produktinformation

Utgivningsdatum:2024-05-03
Mått:148 x 210 x 19 mm
Vikt:440 g
Format:Häftad
Språk:Engelska
Antal sidor:320
Upplaga:3
Förlag:Springer International Publishing AG
ISBN:9783031478864

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Mer om författaren

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.

Innehållsförteckning

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.