米国発の財政拡大論「 ..
416:名無しさん＠１周年
19/04/18 01:17:06.34 d8NSjXiZ0.net
"Why a Hot New Idea in Economics is Actually a Bad Idea"(Scott Sumner and Patrick Horan)
Kelton is right that inflation has been low in the US and other developed countries, but she and
other MMTers are wrong in assuming that fiscal policy determines inflation in those economies.
Since 1990, inflation in the US and many other developed countries has averaged two percent.
This was accomplished through very specific decisions taken by monetary authorities, indeed
fiscal policymakers wouldn’t even know how to begin the difficult process of inflation targeting.
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