Standard monetary policy theory suggests that gradualism is the preferable approach to policymaking. Minimising large changes in policy helps to promote stability, the argument goes.

So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers during the Biden-Harris administration, may have returned Donald Trump to the White House.

Sorry for the brief introduction. I'll get to the chase. What is the point of MMT, and how does it disagree with mainstream economics? Also, is monetary policy a more efficient way to target ...

The Federal Reserve is maintaining its current policy stance in order to assess the impact of President Trump's protectionist ...

Modern Monetary Theory (MMT) has gained mainstream popularity in recent years with Senator Bernie Sanders of Vermont and Representative Alexandria Ocasio-Cortez of New York sharing their support ...

The economist known as the godfather of Modern Monetary Theory is sounding an alarm on the rising fiscal deficit, saying that America is spending like a “drunken sailor.” American economist Warren ...

In theory at least, an asset price can be separated into a component determined by underlying economic fundamentals and a nonfundamental bubble component that may reflect price speculation or ...

Discussions about monetary policy focus on its short-term impact. In other words, most central banks accept that the output of the economy in the long run is “independent” of monetary policy.

Monetary policy is the driving force behind today's market, and interest rate cuts are key. No one knows exactly when rate cuts will take place, but academic journals may provide some insight. 10 ...