Kenneth Kuttner
Williams College, Professor of Economics. Areas of expertise include macroeconomics, monetary policy, macroprudential policy, and the Japanese economy.

What is Modern Monetary Theory?

June 7, 2019

The Issue:

Modern Monetary Theory (MMT) has attracted attention, especially among many who see in it a support for greater government spending. Representative Alexandria Ocasio-Cortez (D-NY) says MMT should be “a larger part of the conversation” and Senator Bernie Sanders (I-VT) has drawn on the advice of Professor

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