AD-AS Analysis from the Perspective of Functional Finance Theory and MMT

Autor: Tanaka Yasuhito
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Folia Oeconomica Stetinensia, Vol 23, Iss 1, Pp 263-283 (2023)
Druh dokumentu: article
ISSN: 1898-0198
DOI: 10.2478/foli-2023-0014
Popis: In the past few years, MMT (Modern Money Theory or Modern Monetary Theory) has been increasingly discussed in Japan as well as in the U.S. However, both in the U.S. and Japan, analysis using mathematics is lacking and analysis using IS-LM and AD-AS analysis methods in macroeconomics is almost non-existent.
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