Stephanie Kelton’s research while affiliated with University of Missouri–Kansas City and other places

... Post-Keynesian and Kaleckian economists would agree that there are insufficient market forces leading the economy to full employment, and it is through government policies, including fiscal policy, that full employment may be achievable. MMT proponents (for example, Wray et al. 2019;Kelton 2020) argue that full employment can be secured through a 'job-guarantee programme' under which jobs would be provided at a basic wage to all otherwise unemployed. This type of programme would act as an automatic stabiliser as far as employment is concerned and a budget deficit emerges appropriate for securing full employment. ...

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Some Kaleckian remarks on modern monetary theory in light of a paper by Drumetz/Pfister

... ANALISI DELLE ESPERIENZE PILOTA IN FRANCIA, AUSTRIA E BELGIO si differenzia anzitutto per la governance: in questo caso è lo Stato, attraverso i servizi di pubblico impiego e le sue agenzie governative, a gestire il progetto in tutte le sue fasi. è quella di uno Stato che si fa «datore di lavoro di ultima istanza» (Wray, Kelton e Tcherneva, 2018) al fine di raggiungere la piena occupazione. Le modalità di attivazione riguardano tra domanda e offerta di lavoro, programmi di formazione per i futuri beneficiari del programma e la sovvenzione del costo del lavoro per i nuovi assunti (Department of Economics, University of Oxford, 2020). ...

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L'attivazione fuori mercato nel contrasto alla povertà. I Progetti utili alla collettività: un'opportunità per chi?

... Das Konzept der "Arbeitsplatzgarantie" erhielt in letzter Zeit international immer mehr Aufmerksamkeit als wirksames Mittel im Kampf gegen Langzeitarbeitslosigkeit (OECD 2021;ILO 2021;Tcherneva 2020;Wray et al. 2018). Eine Jobgarantie für langzeiterwerbslose Menschen zielt darauf ab, jenen Menschen Arbeitsplätze zur Verfügung zu stellen, die von Beschäftigung ausgeschlossen bleiben. ...

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"Marienthal.reversed": Wie wirkt eine Arbeitsplatzgarantie für langzeitarbeitslose Menschen im österreichischen Kontext?

... However, some authors highlight potential drawbacks in policies aiming to reduce the BRAZILIAN KEYNESIAN REVIEW, 9(1), p.53-76, 1 st Semester/2023 current outstanding student debt balance. One argument against those policies is their moral hazard: canceling the outstanding balances would favor those who miscalculated the costs and benefits of the investment at the expense of those who managed to make the repayments properly (Fullwiler et al., 2018). Ultimately, this could increase the number of new borrowings because people would expect the government to cancel their debt balances again in the future. ...

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A COMMENT ON THE US STUDENT LOAN SITUATION FROM A POST-KEYNESIAN PERSPECTIVE

... 11 Lavoie recognizes that many of the concerns voiced by MMT proponents came to pass -indeed, the Euro crisis unfolded almost exactly as predicted by Warren Mosler (and Wynne Godley) at conferences held at the New School and in London in the late 1990s. However, the crisis forced Draghi to change the ECB's approach in July 2012, well after the writings by Wray, Kelton, and others that Lavoie cites as evidence that there is a conflict among MMT views of the currency sovereignty of Euro member states (Kelton and Wray 2009;Wray 2003). 12 Pre-GFC, not only was private sector debt growing rapidly in both regions, but current account deficits in the USA and in some of the Euro member states were also growing. ...

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Revisiting MMT, Sovereign Currencies and the Eurozone: A Reply to Marc Lavoie

... The differentiation between the general concepts of debt as a key aspect within human relations, and financial debt as an inescapable part of our "economy of interest" is of critical importance to understand the moral and ethical dimensions of the IMS. As Dodd concludes "the debt problem today seems especially serious, not simply in scale but in fact that, perhaps for the first horizontalists, structuralists and verticalists -ultimately being harmoniously put together by Randall Wray (Wray, 2012). The idea of money as a creature of the state and the theory of tax-driven money suited well the long advocates of a return to debt-free sovereign money creation as a key strategy for governments to regain control of money issuance. ...

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Money and sustainability: Transitioning to an ecological monetary system DOCTORATE in Climate Change and Sustainable Development Policies NOVA University Lisbon

... la complejidad de la salud Hoy en los Sistemas de Salud se observa un fenómeno global creciente; el inicio o consolidación de una "crisis" sin precedentes. Países como Reino Unido [1]),Islandia [2]),España [3]), Grecia [4]),Europa [5]), Estados Unidos [6]), [7]) evidencian problemas críticos de cobertura, calidad, financiación y sostenibilidad por lo que surgen cuestionamientos como el enlace del modelo de aseguramiento en salud y el empleo; ya que con la crisis económica del 2007 se evidenció el impacto negativo del desempleo en el sistema de salud [8]), [9]. Al ahondar en el problema, puede determinarse que es posible estudiarésta crisis desde dos frentes; el financiamiento del sistema y la prestación con calidad de dichos servicios. ...

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Sistema de Servicios de Salud Basado en Ingeniería de Sistemas Complejos

... The notion of monetary sovereignty is central among MMT theorists (Kelton, 2011;Medina Miltimore, 2016;Mitchell, 2016). A sovereign state does not need to operate with balanced budgets or enforce austerity policies that compromise full employment. ...

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Currencies Come and Go, But Employment Always Takes Root: Rethinking External Constraints and Monetary Sovereignty in the Periphery