monetary theory wikipedia - EAS
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See all on Wikipediahttps://en.wikipedia.org/wiki/Modern_Monetary_TheoryModern Monetary Theory or Modern Money Theory (MMT) is a heterodox macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and … See more
MMT's main tenets are that a government that issues its own fiat money:
1. Can pay for goods, services, and financial assets without a need to first collect money in the form of taxes or debt issuance in … See more
In sovereign financial systems, banks can create money but these "horizontal" transactions do not increase net financial assets because assets are offset by liabilities. According to MMT advocates, "The balance sheet of the government does not include … See more
MMT economists describe any transactions within the private sector as "horizontal" transactions, including the expansion of the See more
Economist Stephanie Kelton explained several points made by MMT in March, 2019:
• Under MMT, fiscal policy (i.e., government taxing and spending … See moreMMT synthesizes ideas from the State Theory of Money of Georg Friedrich Knapp (also known as chartalism) and Credit Theory of Money of Alfred Mitchell-Innes, the functional finance proposals of Abba Lerner, Hyman Minsky's views on the banking system and See more
MMT is based on an account of the "operational realities" of interactions between the government and its central bank, and the commercial banking sector, with proponents like Scott Fullwiler arguing that understanding reserve accounting is critical to … See more
Imports and exports
MMT proponents such as Warren Mosler say that trade deficits are sustainable and beneficial to the standard of living in the short run. Imports are an economic benefit to the importing nation because they provide the nation … See moreWikipedia text under CC-BY-SA license- https://en.wikipedia.org/wiki/Monetary_circuit_theory
Monetary circuit theory is a heterodox theory of monetary economics, particularly money creation, often associated with the post-Keynesian school. It holds that money is created endogenously by the banking sector, rather than exogenously by central bank lending; it is a theory of endogenous money. It is also called circuitism and the circulation approach.
Wikipedia · Text under CC-BY-SA license- Estimated Reading Time: 6 mins
Monetary policy - Wikipedia
https://en.wikipedia.org/wiki/Monetary_policySee more on en.wikipedia.orgMonetary policy is associated with interest rates and availability of credit. Instruments of monetary policy have included short-term interest rates and bank reserves through the monetary base. For many centuries there were only two forms of monetary policy: altering coinage or the printing of paper money. Interest rates…- https://en.wikipedia.org/wiki/Monetary_economicsSee more on en.wikipedia.orgThe foundational concept of any modern theory of money is the understanding that the value of fiat money depends upon exchange and not weight (compare with the Arrow-Debreu model).
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- https://simple.wikipedia.org/wiki/Modern_Monetary_Theory
Modern Monetary Theory or Modern Money Theory ( MMT) or Modern Monetary Theory and Practice ( MMTP) is a macroeconomic theory and practice that sees the practical uses of fiat …
- Estimated Reading Time: 1 min
- https://en.wikipedia.org/wiki/Monetary-disequilibrium_theory
Monetary disequilibrium theory is a product of the monetarist school and is mainly represented in the works of Leland Yeager and Austrian macroeconomics. The basic concepts of monetary …
- https://en.wikipedia.org/wiki/Monetarism
Monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation. Monetarist theory asserts that variations in the money supply have major influences …
- https://www.investopedia.com/terms/m/monetary_theory.asp
Dec 24, 2021 · Monetary theory is based on the idea that a change in money supply is a key driver of economic activity. It argues that central banks, which control the levers of monetary policy, can exert...
- https://en.wikipedia.org/wiki/Quantity_theory_of_money
In monetary economics, the quantity theory of money is one of the directions of Western economic thought that emerged in the 16th-17th centuries. The QTM states that the general …
- https://www.investopedia.com/modern-monetary...
Apr 12, 2022 · Modern monetary theory (MMT) is a heterodox macroeconomic supposition that asserts that monetarily sovereign countries (such as the U.S., U.K., Japan, and Canada) which spend, tax, and borrow in...
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