The COVID-19 pandemic and the contributions of modern monetary theory
by Arturo Hermann
International Journal of Pluralism and Economics Education (IJPEE), Vol. 12, No. 1, 2021

Abstract: The present situation linked to the COVID-19 pandemic has fostered a general rethinking of how economic theories can inform an effective policy response. In such a context, perhaps no theory has been brought more to the test than modern monetary theory (MMT). As a matter of fact, MMT, by positing that governments can always create their currencies, seems particular apt for dealing with COVID-19. We will briefly address MMT, and focus on how MMT insights can be employed not only for today's emergency but also for building a new sustainable economy. Some conclusions about economics education will follow.

Online publication date: Wed, 13-Oct-2021

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