Revista OEconomica

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Cătălin MURARAŞU - Offshore Renewable Energy in the Black Sea: Emerging Opportunities and Challenges

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Sorin-Nicolae CURCĂ - Synergic Effects of a (Possible) European Fiscal Union

Revista ŒCONOMICA - Book Review: From Cantillon and Kirzner to O'Driscoll and Rizzo – the collection of the National Bank of Romania, from Curtea Veche Publishing House, offers a triple journey into the history of economic thought

Articles on Issue Theme

Silviu CERNA

Universitatea de Vest din Timişoara

A new economic theory – “Modern Monetary Theory” (MMT) – has been enjoying great success in the US lately and is often invoked in Europe. It is supported mainly by left-wing politicians and economists, who advocate for the further increase of the budget deficit, financed more by the creation of currency than by the issuance of government securities. The argument is that in this way the financial deficit of the state is easier to cover.

ŒCONOMICA no. 3/2019

Keywords: credit, government debt, budget deficit, interest, inflation, liquidity, currency, solvency, sustainability, monetary theory

JEL: B10, E59, E60, E61, E62

Modern Monetary Theory and Its Poisonous Implications [Teoria monetară modernă şi implicaţiile sale nefaste]

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