Phil Armstrong Published online 10th April 2026 Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis Abstract Modern Monetary Theory (MMT)’s approach to international trade …
The post Modern Monetary Theory and International Trade: Developments on the Base Case for Analysis appeared first on The Gower Initiative for Modern Money Studies.
This paper proposes reforms to the UK Debt Management Office’s (DMO) financing remit to reduce Exchequer costs without austerity. It argues the current rigid, auction-based system is inefficient and misaligned …
The post Proposals for Reforms to the Debt Management Office’s Financing Remit appeared first on The Gower Initiative for Modern Money Studies.
Phil Armstrong Published online 17th September 2025 A Modern Monetary Theorist’s Response to ‘Weaknesses of MMT as a guide to development policy’, Aboobaker and Ugurlu (2023). Abstract In their article, …
The post A Modern Monetary Theorist’s Response to ‘Weaknesses of MMT as a guide to development policy’, Aboobaker and Ugurlu (2023). appeared first on The Gower Initiative for Modern Money Studies.
Neil Wilson First published 27th December 2022 here Eliminating the cost of the Asset Purchase Indemnity Summary In 2012, the Bank of England agreed to transfer gilt coupon …
The post Eliminating the cost of the Asset Purchase Indemnity appeared first on The Gower Initiative for Modern Money Studies.