Minsky Meets Brazil
Minsky’s framework not only sheds light on how to detect unsustainable financial practices, but the position adopted in this paper is that the current Brazilian crisis does fit with Minsky’s instability theory.
New Economic Perspectives
What Should Brazilian Economists and Policy Makers have Learned from the Crisis?
The years is 2012, an MMT Economist writes about the near future of Brazil.
Answers from the MMTers
Jared Bernstein, longtime economic advisor to Joe Biden asked the MMT academics some questions. They answered.
Money and Banking (Part 9 – Banking regulation)
It may surprise you to know that the banking sector is one of the most regulated industries in the United States with a bank having to file regulatory documents with several agencies.
Money and Banking (Part 8 – The Private Banking Business)
The US financial system is extremely complicated and this series shades light only on some corners of that system by focusing on the banking sector.
Money and Banking (Part 7 – Leverage)
Given that the concept of leverage will be used often in the upcoming posts, this post spends some time explaining what leverage is and some of its impacts on the balance sheet of any economic unit.
Money and Banking (Part 6 – Treasury and Central Bank Interactions)
The post studies how the Fed is involved in fiscal operations and how the U.S. Treasury is involved in monetary-policy operations. The extensive interaction between these two branches of the U.S. government is necessary for fiscal and monetary policies to work properly.
Money and Banking (Part 5 – FAQs about central banking)
This post answers some FAQs about monetary policy and central banking. Each of them can be read independently.
Money and Banking (Part 4 – Monetary Policy Implementation)
While details in operating procedures have changed through time, the federal funds rate has progressively gained in importance as a relevant operating tool since the 1920s.