Reflections On MMT Policy Practice In The United States – Analysis

With the Federal Reserve’s monetary policy taking a sharp turn and the acceleration of its withdrawal from easing, inflation is increasingly becoming the main concern for central banks globally. European Central Bank, among other central banks, is beginning to consider tightening policies and this will signal a major shift in global monetary policy. This also puts Modern Monetary Theory (MMT), which has gained popularity during the COVID-19 pandemic, in an awkward position. Although the U.S. government is still promoting its economic stimulus plan, with a greatly reduced scale, it is facing criticism from inside and outside the country. Meanwhile, […]

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