Europe

MMT: Just an obscure theory or a nuclear rocket leaving emerging markets behind?

  • The embrace of Modern Monetary Theory (MMT) will lead to unprecedented growth in developed world government spending

  • This risks tremendous international inequality: most emerging markets cannot drive growth with government spending

  • EMs that are exposed to developed market growth and that can absorb capital inflows and deploy them well will thrive

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February 27th, 2021
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