The theory of monetary disorder: debt finance, existing assets, and the consequences of prolonged ultra-easy policy
This paper introduces the notion of monetary disorder. The underlying theory rests on a twin circuits view of the macro economy. The idea of monetary disorder has relevance for understanding the experience and consequences of the recent decade-long period of monetized large budget deficits and ultr...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2024-02-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18265 |