Current Scholarship
The New Monetary Policy: Reimagining Demand Management and Price Stability in the 21st Century

Nathan Tankus, Modern Money Network

For the past 40 years, there has been a global macroeconomic consensus that mon- etary policy—and specifically interest rate management policy and financial asset purchase/sale policy—should take the lead in stabilizing the domestic economy. As a factual matter, this consensus has accompanied rising inequality, weak nominal wage growth and intensifying ecological devastation.
More Current Scholarship
The New Monetary Policy: Reimagining Demand Management and Price Stability in the 21st Century