IEA Communications and Marketing Assistant Kieran Neild discusses new IEA research by Dr Juan E. Castañeda on the shortcomings of Modern Monetary Theory (MMT).

In the last decade, MMT has gained traction as a set of policy proposals which can deliver economic prosperity to citizens without conventional concerns for government debt and budget constraints.

Dr Castañeda covers the central theme's of his new paper and explains what MMT is, why it is a dangerous economic theory and what would have happened to the UK had the government implemented full MMT policies.

You can read Modern Monetary Theory: Why it can’t provide sustained economic growth and low inflation here.