MMT and the Open Economy

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Introduction

References

Uri Dadush and Bennett Stancil. Why are reserves so big? And who is to blame? (2010)

Bill Mitchell, Modern monetary theory in an open economy

Wynne Godley, Open Economy Macroeconomics Using Models of Closed Systems

Warren Mosler, Exchange Rate Policy and Full Employment

Yeva Nersisyan and L.Randall Wray, The Global Financial Crisis and the Shift to Shadow Banking

L. Randall Wray, Extending Minsky’s Classifications of Fragility to Government and the Open Economy

L. Randal Wray, Flexible Exchange Rates, Fed Behavior, and Demand Constrained Growth in the USA (2005)

L. Randall Wray, International Aspects of Current Monetary Policy (2005)

C. Sardoni and L.R. Wray, Fixed and Flexible Exchange Rates and Currency Sovereignty

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