Anna MacLeod
Anna MacLeod
Embedded Files
Hello everyone, I am an Economics and Business major with a minor in math and an emphasis in finance. Below is my senior Economics thesis! Hope you enjoy :)
Pronouns: She/Her/Hers
DOES DEBT MATTER THROUGH THE LENS OF MODERN MONETARY THEORY
Abstract:
Modern Monetary Theory has supporters and critics but has neither been implemented nor economically modeled; two traditional economic methods to validate any theory. This paper discusses what Modern Monetary Theory proposes, its strengths and weaknesses, and compares it to traditional and similar economic policies. Additionally, this paper will objectively showcase why the debt and holding a high debt in the economy is indeed important to the economic health of a country. Finally, this paper hopes to showcase the caution that needs to be taken when proceeding with the undertaking of Modern Monetary Theory as a whole.
Traditional Economic Thought
Traditional Economic Thought
In traditional economics, we expect the increase of the supply of money to decrease the interest rate leading to an increase in consumer spending.
Modern Monetary Theory
Modern Monetary Theory
In addition to traditional economic views, MMT maintains full employment by shifting out the Aggregate Expenditure line to maintain this output in the economy.
Click the link for the full paper!!
Post Grad Plans
I am planning to spend the summer up here in Tacoma and then see where the world takes me from there.
Acknowledgments
I would like to thank my advisor Andrew Monaco for his support for the past 4 years, Garrett Milam for helping me through this difficult topic, Kate Stirling for her help in this topic. My family for their support and love through my college career.
Page updated
Report abuse