MMP Blog #36 Responses
Comments and responses on the Modern Money Primer Part 36.
Exchange Rates
MMP Blog #36: What Government Ought to Do: An Introduction
I will be making policy recommendations that are consistent with MMT. You do not have to like mine; you can come up with your own.
MMP Blog #34: Functional Finance and Exchange Rate Regimes: The Twin Deficits Debate
The US Dollar probably will not remain the world’s reserve currency. From the US perspective, that might be a disappointment. In the long view of history, it is inconsequential.
MMP Blog #26: Sovereign Currency and Government Policy in the Open Economy
A country that floats its exchange rate can enjoy domestic policy independence and free capital flows. A country that pegs its exchange rate must choose to regulate capital flows or must abandon domestic policy independence.
MMP Blog #24: What if Foreigners Hold Government Bonds?
When government deficit spends, some of the claims on government will end up in the hands of foreigners. Does this matter? Yes, according to many.