Modern Money Theory
Modern Money Theory
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现代货币理论
DOI：
10.1057/9781137265142
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发表时间：
2012
期刊：
影响因子：
--
通讯作者：
L. Randall Wray
中科院分区：
文献类型：
--
作者：
L. Randall Wray
插图目录 序言框：定义 介绍 现代货币理论基础 1. 宏观经济核算基础 1.1. 存量和流量核算基础 1.2. 现代货币理论、部门平衡和行为 1.3. 宏观经济核算基础股票、流量和资产负债表：浴缸类比 1.4。政府预算赤字在很大程度上是非任意性的：以 2007 年大衰退为例 1.5．真实会计与财务会计 1.6。最近的美国部门平衡：金发姑娘和全球崩溃 2。国内货币发行人的支出 2.1。什么是主权货币？ 2.2.什么支持货币以及为什么有人会接受它？ 2.3.税收驱动金钱 2.4。如果人们拒绝接受本国货币怎么办？ 2.5. 2.6. 账户资金记录保存主权货币和实物资产货币化 2.7。可持续性条件 3。国内货币体系：银行和中央银行 3.1。以本国货币计价的 Ious 3.2。清算和负债金字塔 3.3。危机中的中央银行操作：最后贷款人 3.4。银行资产负债表、银行货币创造和银行间结算 3.5。外生利率和量化宽松 3.6。央行和财政部协调的技术细节：以美联储为例 3.7。国库债务操作 3.8。关于美联储和财政部角色的结论 4。发行本国货币的国家的财政运作 4.1。 4.2 介绍性原则主权政府预算赤字对储蓄、准备金和利率的影响 4.3。政府预算赤字和储蓄的“两步”过程 4.4。如果外国人持有政府债券怎么办？ 4.5.货币偿付能力和美元的特殊情况 4.6。开放经济中的主权货币和政府政策 4.7。一个采用外币的国家怎么样？ 5. 主权国家的税收政策 5.1。为什么我们需要税收？现代货币理论观点 5.2。税收有什么用？ MMT 方法 5.3。 5.4. 再分配税税收和公共目的 5.5。税收不良，而不是商品 5.6。不良税收 6.现代货币理论和替代汇率制度 6.1.金本位和固定汇率 6.2.浮动汇率 6.3。商品货币硬币？金属论与唯名论，从美索不达米亚到罗马 6.4。商品货币硬币？金属论与唯名论，罗马 6.5 之后。汇率制度和主权违约 6.6。欧元：非主权货币的建立 6.7。欧元6.8的危机。欧元的结局？ 6.9。货币制度和政策空间：结论 7. 主权货币的货币和财政政策：政府应该做什么？ 7.1.仅仅因为政府有能力花钱并不意味着政府应该花钱 7.2。 “自由”市场和公共目的 7.3。职能财务 7.4。功能性财务与政府预算约束 7.5。关于债务限额的争论（美国案例） 7.6．经济稳定和增长的预算立场 7.7。功能性金融和汇率制度 7.8。功能性金融与发展中国家 7.9。出口是成本，进口是收益：功能性金融方法 8. 充分就业和价格稳定的政策 8.1．功能性金融和充分就业 8.2。发展中国家的 JG/ELR 8.3。 8.4. 程序可管理性JG/ELR 和现实世界的经验 8.5。 JG 和不平等 8.6。关于充分就业政策的结论 8.7。奥地利人的现代货币理论：自由主义者可以支持 JG 吗？ 9. 通货膨胀和主权货币 9.1。通货膨胀和消费者价格指数 9.2。 9.3 恶性通货膨胀的其他解释现实世界的恶性通货膨胀 9.4。关于恶性通货膨胀的结论 9.5。结论：现代货币理论和政策 10。结论：主权货币的现代货币理论 10.1。 MMT 说对了：全球金融危机 10.2。 MMT 说对了：欧元危机 10.3。创造论与救赎论：货币发行者如何真正借贷和支出 10.4。越来越多的人认识到工作保障的必要性 10.5。 MMT 和外部约束：固定还是浮动，这就是问题 10.6。金钱迷因笔记参考书目索引
Contents List Of Illustrations Preface Box: Definitions Introduction The Basics Of Modern Money Theory 1. The Basics Of Macroeconomic Accounting 1.1.The Basics Of Accounting For Stocks And Flows 1.2.MMT, Sectoral Balances, And Behavior 1.3. Stocks, Flows, And Balance Sheet: A Bathtub Analogy 1.4. Government Budget Deficits Are Largely Nondiscretionary: The Case Of The Great Recession Of 2007 1.5. Accounting For Real Versus Financial 1.6. Recent US Sectoral Balances: Goldilocks And The Global Crash 2. Spending By Issuer Of Domestic Currency 2.1. What Is A Sovereign Currency? 2.2. What Backs Up Currency And Why Would Anyone Accept It? 2.3. Taxes Drive Money 2.4. What If The Population Refuses To Accept The Domestic Currency? 2.5. Record Keeping In The The Money Of Account 2.6. Sovereign Currency And Monetizing Real Assets 2.7. Sustainability Conditions 3. The Domestic Monetary System: Banking And Central Banking 3.1. Ious Denominated In The National Currency 3.2. Clearing And The Pyramid Of Liabilities 3.3. Central Bank Operations In Crisis: Lender Of Last Resort 3.4. Balance Sheets Of Banks, Monetary Creation By Banks, And Interbank Settle-Ment 3.5. Exogenous Interest Rates And Quantitative Easing 3.6. The Technical Details Of Central Bank And Treasury Coordination: The Case Of The Fed 3.7. Treasury Debt Operations 3.8. Conclusions On Fed And Treasury Roles 4. Fiscal Operations In A Nation That Issues Its Own Currency 4.1. Introductory Principles 4.2. Effects Of Sovereign Government Budget Deficits On Saving, Reserves, And In-Terest Rates 4.3. Government Budget Deficits And The 'Two-Step' Process Of Saving 4.4. What If Foreigners Hold Government Bonds? 4.5. Currency Solvency And The Special Case Of The US Dollar 4.6. Sovereign Currency And Government Policy In The Open Economy 4.7. What About A Country That Adopts A Foreign Currency? 5. Tax Policy For Sovereign Nations 5.1. Why Do We Need Taxes? The MMT Perspective 5.2. What Are Taxes For? The MMT Approach 5.3. Taxes For Redistribution 5.4. Taxes And The Public Purpose 5.5. Tax Bads, Not Goods 5.6. Bad Taxes 6. Modern Money Theory And Alternative Exchange Rate Regimes 6.1.The Gold Standard And Fixed Exchange Rates 6.2. Floating Exchange Rates 6.3. Commodity Money Coins? Metalism Versus Nominalism, From Mesopotamia To Rome 6.4. Commodity Money Coins? Metalism Versus Nominalism, After Rome 6.5. Exchange Rate Regimes And Sovereign Defaults 6.6. The Euro: The Set-Up Of A Nonsovereign Currency 6.7. The Crisis Of The Euro 6.8. Endgame For The Euro? 6.9. Currency Regimes And Policy Space: Conclusion 7. Monetary And Fiscal Policy For Sovereign Currencies: What Should Government Do? 7.1. Just Because Government Can Afford To Spend Does Not Mean Government Ought To Spend 7.2. The 'Free' Market And The Public Purpose 7.3. Functional Finance 7.4. Functional Finance Versus The Government Budget Constraint 7.5. The Debate About Debt Limits (US Case) 7.6. A Budget Stance For Economic Stability And Growth 7.7. Functional Finance And Exchange Rate Regimes 7.8. Functional Finance And Developing Nations 7.9. Exports Are A Cost, Imports Are A Benefit: A Functional Finance Approach 8. Policy For Full Employment And Price Stability 8.1. Functional Finance And Full Employment 8.2. The JG/ELR For A Developing Nation 8.3. Program Manageability 8.4. The JG/ELR And Real World Experience 8.5. The JG And Inequality 8.6. Conclusions On Full Employment Policy 8.7. MMT For Austrians: Can A Libertarian Support The JG? 9. Inflation And Sovereign Currencies 9.1. Inflation And The Consumer Price Index 9.2. Alternative Explanations Of Hyperinflation 9.3. Real-World Hyperinflations 9.4. Conclusions On Hyperinflation 9.5. Conclusion: MMT And Policy 10. Conclusions: Modern Money Theory For Sovereign Currencies 10.1. MMT Got It Right: The Global Financial Crisis 10.2. MMT Got It Right: The Euro Crisis 10.3. Creastionism Versus Redemptionism: How A Money-Issuer Really Lends And Spends 10.4. Growing Recognition Of The Need For A Job Guarantee 10.5. MMT And External Constraints: To Fix Or To Float, That Is The Question 10.6. A Meme For Money Notes Bibliography Index