Modern Money Theory

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Focusing on the creation and function of money, this revised edition delves into global exchange rate regimes and their impact on economic growth, employment, and price stability. It covers macroeconomic accounting, domestic monetary systems, fiscal operations, and tax policies for sovereign nations. New discussions include central bank clearing, responses to the COVID-19 pandemic, rising inflation, and financing a Green New Deal, making it a comprehensive resource for understanding modern monetary policy and its implications.