Public Programs And Events

Economics Seminar - Matias Vernengo, "MMT in the Tropics"

Economics Seminar - Matias Vernengo, "MMT in the Tropics"

Albert and Vera List Academic Center
General Public 

Professor Vernengo from Bucknell University will present his new paper "MMT in the Tropics"

Abstract

Modern Monetary Theory (MMT) has been in the news. It has been connected to Alexandria Ocasio-Cortez, with the discussion of a Green New Deal, and with the rise of democratic socialist ideas, in particular with Bernie Sander’s presidential campaign. Also, the fact that Stephanie Kelton a prominent MMTer is an advisor to Sanders, has brought significantly more attention on their views, and comments by prominent economists, both mainstream (e.g. Olivier Blanchard, Paul Krugman, Larry Summers, etc.) and heterodox (e.g. Jerry Epstein, Doug Henwood, Tom Palley, etc.) ones. This paper looks specifically at the issues related to debt dynamics (the Functional Finance part of MMT) related to developing countries.

The seminar series features lectures, paper and book presentations from prominent Economists.

Hosted by the Economics Department at The New School for Social Research.



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