Munich Personal RePEc Archive

Business Cycles, Inflation and Unemployment: An MMT perspective

M S, Navaneeth (2021): Business Cycles, Inflation and Unemployment: An MMT perspective.

[thumbnail of MPRA_paper_115352.pdf]

Download (927kB) | Preview


Any modern economy faces the periodic tendency of fluctuations that disrupts the macroeconomic variables leading to massive downturns in economic activity- conceptualized as business cycles. This review article examines the countercyclical policies adopted by Central Banks during recessions in light of the various arguments laid out by Modern Monetary Theory (MMT). Finally, it also looks into the assumptions behind Phillips' curve and what MMT has to offer in terms of inflation targeting

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.