IDEAS home Printed from https://ideas.repec.org/a/ksa/szemle/2235.html
   My bibliography  Save this article

A modern monetáris elmélet és a gazdaságpolitika keretei
[Modern monetary theory and the frameworks of economic policy]

Author

Listed:
  • Botos, Katalin

Abstract

A modern pénz teremtett pénz. A tanulmány bemutatja két modern monetáris elmélet főbb elemeit s azok relevanciáját a gazdaságpolitika számára. A fő kérdés, hogy ki és hogyan teremti a pénzt. A modern monetáris elmélet (MMT) szerint szabad a gazdaságot költségvetési hiány keletkezése árán is élénkíteni. Nem bátorít deficitre, de nem tartja jó célnak, hogy mindenáron törekedjünk a költségvetési egyensúlyra. Úgy véli, hogy szuverén államok nem mehetnek csődbe, ha pénzt teremtenek észszerű célokra, amennyiben van elég szabad termelési tényező a gazdaságban. Ez azonban nem igaz azokra a gazdaságokra, amelyek nem teremtői, csak felhasználói mások valutájának. Úgy véli azonban, hogy a monetáris és a fiskális politikának szorosan együtt kell működnie, s a fiskális politika alkalmasabb a gazdaságpolitikai célok finomhangolására. Egy másik iskola, a Positive Money szerint meg kellene tiltani, hogy a kereskedelmi bankok pénzt teremtsenek.

Suggested Citation

  • Botos, Katalin, 2025. "A modern monetáris elmélet és a gazdaságpolitika keretei [Modern monetary theory and the frameworks of economic policy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 203-213.
    • Handle: RePEc:ksa:szemle:2235
    DOI: 10.18414/KSZ.2025.2.203
    as

    Download full text from publisher

    File URL: http://www.kszemle.hu/tartalom/letoltes.php?id=2235
    Download Restriction: Registration and subscription. 3-month embargo period to non-subscribers.
    File URL: https://libkey.io/10.18414/KSZ.2025.2.203?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Adair Turner, 2015. "Between Debt and the Devil: Money, Credit, and Fixing Global Finance," Economics Books, Princeton University Press, edition 1, number 10546.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Leiashvily, Paata, 2017. "The Relativity Theory of General Economic Equilibrium," MPRA Paper 83291, University Library of Munich, Germany.
    2. repec:spo:wpmain:info:hdl:2441/3l2vounfl99nvqsr0k24sn3k5l is not listed on IDEAS
    3. Kovács, Olivér, 2023. "Az intézmények fejlődése és a fejlődés intézményesülése. Benczes István: Gazdasági növekedés és versenyképesség intézményi perspektívában. Ludovika Kiadó, Budapest, 2022, 264 o [The evolution of in," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 1043-1051.
    4. Charles Bean, 2018. "Central Banking after the Great Recession," Economic Affairs, Wiley Blackwell, vol. 38(1), pages 2-15, February.
    5. Carlos Viñuela & Juan Sapena & Gonzalo Wandosell, 2020. "The Future of Money and the Central Bank Digital Currency Dilemma," Sustainability, MDPI, vol. 12(22), pages 1-22, November.
    6. David F Hendry & John N J Muellbauer, 2018. "The future of macroeconomics: macro theory and models at the Bank of England," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 34(1-2), pages 287-328.
    7. John V. Duca & Lilit Popoyan & Susan M. Wachter, 2019. "Real Estate And The Great Crisis: Lessons For Macroprudential Policy," Contemporary Economic Policy, Western Economic Association International, vol. 37(1), pages 121-137, January.
    8. Leiashvily, Paata, 2018. "The frame of reference for new economic thinking," MPRA Paper 84563, University Library of Munich, Germany.
    9. Muellbauer, John, 2018. "The Future of Macroeconomics," INET Oxford Working Papers 2018-10, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    10. Stefan Behrendt, 2017. "Low Long-Term Interest Rates - An alternative View," Jena Economics Research Papers 2017-001, Friedrich-Schiller-University Jena.
    11. Witold Małecki, 2018. "Nowe uwarunkowania polityczne i ekonomiczne przystąpienia przez Polskę do strefy euro," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 29-47.
    12. Samuel Demeulemeester, 2024. "The case for 100% money: Ten reasons for separating money issuance from banking," Economic Affairs, Wiley Blackwell, vol. 44(1), pages 57-70, February.
    13. John Muellbauer, 2016. "Macroeconomics and Consumption," Economics Series Working Papers Paper-811, University of Oxford, Department of Economics.
    14. Patrick Schotanus, 2022. "Cognitive economics and the Market Mind Hypothesis: Exploring the final frontier of economics," Economic Affairs, Wiley Blackwell, vol. 42(1), pages 87-114, February.
    15. Tim Jackson & Peter Victor & Asjad Naqvi, 2016. "Towards a Stock-Flow Consistent Ecological Macroeconomics. WWWforEurope Working Paper No. 114," WIFO Studies, WIFO, number 58788.
    16. Callum Ward, 2021. "Contradictions of Financial Capital Switching: Reading the Corporate Leverage Crisis through The Port of Liverpool's Whole Business Securitization," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 45(2), pages 249-265, March.
    17. Claessens, Stijn, 2017. "Regulation and structural change in financial systems," CEPR Discussion Papers 11822, C.E.P.R. Discussion Papers.
    18. Witold Małecki, 2016. "Finansjalizacja cykli koniunkturalnych i jej konsekwencje dla polityki stabilizacyjnej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 47-68.
    19. Stolzenburg, Ulrich, 2018. "Vollgeld und Vollreserve: Was bringt eine neue Geldordnung?," Kieler Beiträge zur Wirtschaftspolitik 15, Kiel Institute for the World Economy (IfW Kiel).
    20. Kovács, Olivér, 2017. "Az ipar 4.0 komplexitása - I [The complexity of industry 4.0 - Part 1]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 823-851.
    21. Katalin Botos, 2022. "What Can Posterity Learn from Irving Fisher?," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 21(2), pages 175-187.

    More about this item

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksa:szemle:2235. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Odon Sok The email address of this maintainer does not seem to be valid anymore. Please ask Odon Sok to update the entry or send us the correct address (email available below). General contact details of provider: http://www.kszemle.hu .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.