Title: The unexpected victory of modern monetary theory and its consequences

Authors: Dirk Ehnts

Addresses: Faculty of Economics, Technical University of Chemnitz, D-09107 Chemnitz, Germany

Abstract: Mainstream economics, it has turned out, has been wrong about public deficits, public debt and fiscal policy in general. Modern monetary theory has proven to be reliable and should replace the ideas that have failed in the pandemic.

Keywords: Covid-19 pandemic; economic policy; macroeconomics; fiscal policy; public finance.

DOI: 10.1504/IJPEE.2020.116226

International Journal of Pluralism and Economics Education, 2020 Vol.11 No.3, pp.293 - 295

Received: 12 Nov 2020
Accepted: 09 Mar 2021
Published online: 13 Jul 2021 *

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