Mentions
What was said, and which frame it usedEvery item the dashboard counts, newest first. The marked words are the phrases that made it count; the tags say whether it used an opposing frame, an MMT-consistent idea, or named MMT. These are keyword matches: whether an item endorses or attacks an idea is shown once our classifier's accuracy is published.
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A Review of Modern Monetary Theory: From Foundations to Policy Proposals
The paper traces the intellectual foundations of MMT through chartalism, the credit theory of money, Keynesian economics, and functional finance. It examines the concept of monetary sovereignty and analyses the operational relationship between government spending, taxation, public debt, central banking, interest rates, and sectoral balances. It also explores the distinction between vertical and horizontal money, the concept of fiscal space, and the extent to which real resources, productive capacity, and inflation constrain public spending.The review considers MMT's principal policy proposal…
- MMT-consistent idea: Currency issuer
- MMT-consistent idea: Functional finance
- MMT by name: MMT by name
- MMT-consistent idea: Real resource limit
- MMT-consistent idea: Sectoral balances
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Monetary Sovereignty and Catastrophe Fiscal Capacity: Turkey, Japan, and the Limits of Disaster Self-Insurance
Modern Monetary Theory (MMT) establishes that a government issuing its own floating-rate fiat currency faces no financial constraint on spending, only a real resource constraint. Yet the MMT literature has not systematically examined what this distinction implies for a sovereign’s capacity to absorb catastrophe losses, the fiscal shock that arises when a major natural disaster strikes and uninsured costs fall on the state. The concept of catastrophe fiscal capacity, introduced here,: a sovereign’s ability to finance disaster recovery without triggering a currency crisis, an inflation spiral,…
- MMT-consistent idea: Currency issuer
- MMT by name: MMT by name
- MMT-consistent idea: Real resource limit