Brian Romanchuk's commentary and books on bond market economics.
Latest Book: Recessions
Thursday, July 9, 2020
What Is MMT? (Short Version)
One of the unusual things about Modern Monetary Theory is that many non-MMTers have a hard time understanding what it is. Although it would ...
Tuesday, July 7, 2020
A Pair Of Weaker MMT Critiques...
I ran into a pair of MMT critiques recently. Since I am writing a chapter on MMT criticism, I want to see whether I can use them as materi...
Sunday, July 5, 2020
The "Noble Lie" Critique Of MMT
One relatively common complaint that I have seen is that Modern Monetary Theory should be ignored because fiscal policymakers cannot be tr...
Wednesday, July 1, 2020
NAIRU, And Other Will-O'-The-Wisps
The discussion of the role in unemployment is a key theoretical divide between Modern Monetary Theory and mainstream approaches. Theoretic...
Sunday, June 28, 2020
New Book: The Case For A Job Guarantee
Yet another MMT book is out in North America: The Case for a Job Guarantee, by Pavlina R. Tcherneva (Amazon affiliate link). The book doe...
Wednesday, June 24, 2020
Looking At Some MMT Criticism
Work is proceeding on my "MMT primer" manuscript. One chapter I am working on (in parallel with the labour market analysis) are ...
Sunday, June 21, 2020
Labour Market Structural Changes
My view is that changes in structure in the labour markets that started in the 1980s – but kicked into gear in the early 1990s – explain the...
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