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. Randall Wray, International Aspects of Current Monetary Policy (2005)
C. Sardoni and L.R. Wray, Fixed and Flexible Exchange Rates and Currency Sovereignty