Publications

One-Pager No. 69 | February 2022

Time to Celebrate Modern Money Theory?

A recent article in the New York Times asks whether Modern Money Theory (MMT) can declare victory after its policies were (supposedly) implemented during the response to the COVID-19 pandemic. The article suggests yes, but for the high inflation it sparked. In the view of Yeva Nersisyan and Senior Scholar L. Randall Wray, the federal government’s response largely validated MMT’s claims regarding public debt and deficits and questions of sovereign government solvency—it did not, however, represent MMT policy.

Publication Highlight

Working Paper No. 1044
Empirical Models of Chinese Government Bond Yields
Author(s): Tanweer Akram, Shahida Pervin
February 2024

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