Articles on Issue Theme
Silviu CERNA
Universitatea de Vest din Timişoara
A new economic theory – “Modern Monetary Theory” (MMT) – has been enjoying great success in the US lately and is often invoked in Europe. It is supported mainly by left-wing politicians and economists, who advocate for the further increase of the budget deficit, financed more by the creation of currency than by the issuance of government securities. The argument is that in this way the financial deficit of the state is easier to cover.
ŒCONOMICA no. 3/2019
Keywords: credit, government debt, budget deficit, interest, inflation, liquidity, currency, solvency, sustainability, monetary theory
JEL: B10, E59, E60, E61, E62
Modern Monetary Theory and Its Poisonous Implications [Teoria monetară modernă şi implicaţiile sale nefaste]
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Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti
Silviu CERNA
Universitatea de Vest din Timişoara
Emil DINGA
Academia Română
Corina MURAFA
Academia de Studii Economice din Bucureşti
Elena TĂLMĂCIAN
Academia de Studii Economice din Bucureşti
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