000			02080nab a2200289 c 4500
999			_c142996 _d142996
003			ES-MaIEF
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008			201014t2020 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_968464 _aKravchuk, Robert S.
245		0	_aPost‐Keynesian public budgeting & finance _bassessing contributions from Modern Monetary Theory _c Robert S. Kravchuk
260			_c2020
500			_aResumen.
504			_aBibliografía.
520			_aWhile Modern Monetary Theory (MMT) offers contributions that are worthy of serious consideration, some additional theory‐building and synthesis with existing theory may be in order to tie MMT into the established budgeting literature. MMT focuses primarily on monetarily sovereign governments. These are governments that face extremely “soft” budget constraints insofar as they: issue and regulate the value of their own currencies, possess central banks that function as the fiscal agents of their government treasuries, are able to issue sovereign debt denominated in their domestic currency, and operate in a system of freely‐floating currency exchange rates, with a minimum of currency and capital controls. National governments that are sovereign according to these criteria are able to make all debt service payments as they come due, virtually without regard to their level of outstanding debt; they cannot be forced to default against their will. They are also macroeconomically‐autonomous. It is the collective position of the symposium papers that these conditions describe, in precise terms, the fiscal position of the U.S. federal government.
650		4	_942647 _aDEUDA PUBLICA
650		4	_aINTERES _947502
650		4	_948569 _aTIPOS
650		4	_941783 _aDEFICIT PUBLICO
650		4	_aHACIENDA PUBLICA _950201
650		4	_aPOLITICA MONETARIA _948062
650		4	_948552 _aTEORIA ECONOMICA
773	0		_9163536 _oOP 1716/2020/3 _tPublic Budgeting and Finance _w(IEF)90019 _x 0275-1100 _gv. 40, n. 3, Fall 2020, p. 95-123
942			_cART