Modern Money Theory - A Simple Guide to the Monetary System

This book explains how central banks, banks and governments create money. Written in an accessible style, this book provides an introduction to modern monetary theory without requiring any prior knowledge of economics. It covers the most important aspects of monetary theory, including inflation targeting, government spending, and international trade, as well as economic policy to achieve macroeconomic goals, such as price stability, full employment and sustainable use of resources. Accordingly, it offers a valuable asset for students of economics, central bankers, banking professionals, and academics alike.

List of contents

Chapter 1. Introduction.- Chapter 2. The Biden Administration and the Copernican Turn.- Chapter 3. The paper currency of Virginia (1760s) and its lessons.- Chapter 4. Modern Money Theory as Part of Economics.- Chapter 5. What is economic policy?.- Chapter 6. Economic policies based on MMT.- Chapter 7. Outlook.

About the author

Dirk Ehnts works in Berlin as an economist. After his studies at the Universities of Göttingen and Valencia, he received his PhD on a topic of New Economic Geography at the University of Oldenburg, Germany.

Summary

This book explains how central banks, banks and governments create money. Written in an accessible style, this book provides an introduction to modern monetary theory without requiring any prior knowledge of economics. It covers the most important aspects of monetary theory, including inflation targeting, government spending, and international trade, as well as economic policy to achieve macroeconomic goals, such as price stability, full employment and sustainable use of resources. Accordingly, it offers a valuable asset for students of economics, central bankers, banking professionals, and academics alike.

Product details

• Authors: Dirk Ehnts
• Publisher: Springer, Berlin
• Original title: Modern Monetary Theory
• Languages: English
• Product format: Hardback
• Released: 06.04.2024
• EAN: 9783031535369
• ISBN: 978-3-0-3153536-9
• No. of pages: 130
• Dimensions: 155 mm x 11 mm x 235 mm
• Weight: 327 g
• Illustrations: VIII, 130 p. 22 illus.
• Series: Professional Practice in Governance and Public Organizations
• Subjects: Social sciences, law, business > Business > Economics; Inflation, Wirtschaftspolitik, politische Ökonomie, Economic Policy, Modern Monetary Theory, monetary policy, financial policy, Macroeconomics and Monetary Economics, Financial Economics, Political Economy and Economic Systems, International Trade, Central Banks, Finanzenwesen und Finanzindustrie, monetary theory, Monetary systems, Government Bonds, Government Spending, Introduction to Modern Monetary Theory