Coronavirus crisis: now is the hour of MMT

Modern Monetary Theory has received mixed response from macroeconomists, but could the coronavirus crisis and the policy responses to it provide the perfect natural experiment to test MMT's predictions? Tim Phillips talks to Peter Bofinger, former member of the German Council of Economic Experts.
Part of CEPR & VoxEU's Covid-19 webinar and videocast series

Topics: Covid-19 Macroeconomic policy

Tags: COVID-19, MMT, Modern Monetary Theory

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Peter Bofinger

Professor for Monetary Policy and International Economics at the University of Wuerzburg, member of the German Council of Economic Experts and CEPR Research Fellow

Events

Beyond the Pandemic: Reviving Europe's Banking Union

10 - 10 June 2020 / Zoom webinar / CEPR
Digital Currencies and Stable Coins as Crisis Management Tools

11 - 11 June 2020 / Zoom webinar / CEPR and LSE / IGA / SPP
What should IO economists be working on in tech?

11 - 11 June 2020 / Online Seminar /
Exchange Rates in an Era of Volatile Capital Flows

18 - 19 June 2020 / Kuala Lumpur, Malaysia / The South East Asian Central Banks (SEACEN) Research and Training Centre
Empirical Investigations in Services Trade Fourth Biennial Conference

22 - 23 June 2020 / Ankara, Turkey / The Trade Policy Research Network, CEPR, Robert Schuman Centre for Advanced Studies, EUI, Florence and TEDU-TRC

CEPR Policy Research

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Favero, Galasso
QE and the Bank Lending Channel in the United Kingdom

Butt, Churm, McMahon, Morotz, Schanz

Independent report on the Greek official debt

Eichengreen, Avgouleas, Poiares Maduro, Panizza, Portes, Weder di Mauro, Wyplosz, Zettelmeyer
Rebooting the Eurozone: Step 1 – Agreeing a Crisis narrative

Baldwin, Beck, Bénassy-Quéré, Blanchard, Corsetti, De Grauwe, den Haan, Giavazzi, Gros, Kalemli-Ozcan, Micossi, Papaioannou, Pesenti, Pissarides , Tabellini, Weder di Mauro
A world without the WTO: what’s at stake?

Baldwin, Nakatomi
The economics of insurance and its borders with general finance

Thimann
Maturity mismatch stretching: Banking has taken a wrong turn

Goodhart, Perotti

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