
Modern Money Theory
A Primer on Macroeconomics for Sovereign Monetary Systems
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
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.
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Information
Table of contents
- Cover
- Front Matter
- 1. The Basics of Macroeconomic Accounting
- 2. Spending by Issuer of Domestic Currency
- 3. The Domestic Monetary System: Banking and Central Banking
- 4. Fiscal Operations in a Nation That Issues Its Own Currency
- 5. Tax Policy for Sovereign Nations
- 6. Modern Money Theory and Alternative Exchange Rate Regimes
- 7. Monetary and Fiscal Policy for Sovereign Currencies: What Should Government Do?
- 8. Policy for Full Employment and Price Stability
- 9. Inflation and Sovereign Currencies
- Back Matter