MMT’s claims on monetary policy: is ‘raising interest rates ‘actually deflationary’, lowering rates ‘actually inflationary’? And why is the ‘4th price of money’ (price level) missing in Perry Mehrling’s ‘Money View’, altogether?

MMT founders Warren Mosler and Randall Wray like to claim that ‘monetary policy has it backwards’, see these 1,5 min video quotes: To offer some more detailed explanation of why I do not subscribe to W. Mosler‘s claim, I‘ll sketch another, imho more coherent view of how interest rate policy ‚transmits‘ to the price level… Continue reading MMT’s claims on monetary policy: is ‘raising interest rates ‘actually deflationary’, lowering rates ‘actually inflationary’? And why is the ‘4th price of money’ (price level) missing in Perry Mehrling’s ‘Money View’, altogether?

Seminar at BI Norwegian Business School 2017: First Video now Online

On Nov. 01-03, 2017, we held a Seminar at BI Norwegian Business School, Oslo (details here). Our main goals were (1) to present an overview of the current state of our work and get some feedback from the perspective of BI staff and students from different disciplines (Business, Law, Economics, Political Science), and (2) to… Continue reading Seminar at BI Norwegian Business School 2017: First Video now Online