How an MMT understanding informs fiscal stimulus design – Professor William Mitchell
In this presentation, Professor William Mitchell will develop a set of criteria for assessing the likely effectiveness of a fiscal policy initiative. This particular crisis is unusual in that it combines supply and demand elements and government-enforced closures. In that sense, the design of the fiscal policy intervention is particularly difficult.
The presentation will go through a number of desirable fiscal options to match the specific situation using this framework.
We will also discuss why we should not worry about the size of the fiscal deficits that are required to overcome the medical and socio-economic problems created by the coronavirus crisis.
This event is being conducted in conjunction with the Modern Money Australia group’s Seminar Series.
