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 …
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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 …
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