Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems

By L. Randall Wray. 2012

421 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/32c3944631ef5ff52d9d40e5932ae3246eb8b424

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Citations in the corpus

Speaking to the people? Money, trust, and central bank legitimacy in the age of quantitative easing (2016, background): “It spans sociology (Dodd, 2014; Ganßmann 2012; Ingham, 2004; Zelizer, 1994), economics (Bell, 2001; Wray, 2012), law (Desan, 2014), history (Spang, 2015), political economy (Knafo, 2013; Konings, 2015), literary studies (Poovey, 2008), anthropology (Graeber, 2011; Maurer et al. 2013), and…”
Challenge-Driven Innovation Policy: Towards a New Policy Toolkit (2019, background): “…currencies and central banks cannot become bankrupt since ultimately they are the currency issuer rather than taker, as with the private sector (Wray 2015).2 2 Although in modern economies central banks are generally prohibited from directly financing governments, a central bank can always…”
A Financial Macro-Network Approach to Climate Policy Evaluation (2018, background): “…of modern money theory as regards the endogenous creation of money by credit institutions and the flow of money between the economic and the financial system (Wray, 2015; McLeay et al., 2014); • the representation of climate policies by adding emissions and their accumulation in the atmosphere.”
The Green New Deal in the United States: What it is and how to pay for it (2020, neutral): “In fact, however, it is easy to see that in the modern world, countries who are sovereign over their own currencies – such as New Zealand, Australia, Canada, the UK and the US – create their own money out of thin air and dissolve it back into nothing, to suit their needs [5,33,51].”