Notes on ‘The Flaws in Modern Monetary Theory’ by Ricardo Carneiro


This note comments the article ‘Failures of the Modern Monetary Theory’ published by Professor Ricardo Carneiro (Unicamp) in this Brazilian Keynesian Review. Agreements and disagreements with Carneiro’s paper are shown. Moreover, some points not dealt with by him, but that I understand are crucial to assess some failures of the Modern Monetary Theory, are advanced here.


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Author Biography

Fábio Henrique Bittes Terra, CECS/UFABC

Professor do Instituto de Economia - Universidade Federal de Uberlândia

Graduado em Economia, Universidade Federal de Uberlândia

Mestre em Economa, Universidade Federal do Paraná

Doutor em Economia, Universidade Federal do Rio Grande do Sul


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How to Cite
Terra, F. H. B. (2021). Notes on ‘The Flaws in Modern Monetary Theory’ by Ricardo Carneiro. Brazilian Keynesian Review, 7(1), 177-187.