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

Global Economic Prospects: A Subdued Recovery

28 - 28 January 2021 / Zoom webinar / The World Bank, CEPR and the Centre for Finance and Development at the Graduate Institute Geneva
Panel Data Econometrics

28 - 29 January 2021 / Online - Zoom / Timberlake Consultants
CEPR Household Finance Seminar Series - 14

29 - 29 January 2021 / Online /
STEG Virtual Course - Lecture 1: Empirical overview of macro development - Richard Rogerson (Princeton)

5 - 5 February 2021 / Online /
CEPR Conference The Politics of Regulation and Central Banking

12 - 12 February 2021 / Online / Erasmus University Rotterdam, Tilburg University and the University of Amsterdam

CEPR Policy Research

Homeownership of immigrants in France: selection effects related to international migration flows

Gobillon, Solignac
Climate Change and Long-Run Discount Rates: Evidence from Real Estate

Giglio, Maggiori, Stroebel, Weber
The Permanent Effects of Fiscal Consolidations

Summers, Fatás
Demographics and the Secular Stagnation Hypothesis in Europe

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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Coronavirus crisis: now is the hour of MMT

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