ESA (ACT) YE event: Inflation Control under MMT - ONLINE ONLY
From: Wednesday May 13, 2020, 6:00 pm
To: Wednesday May 13, 2020, 7:30 pm
National Young Economists event
Inflation Control under MMT: Job Guarantees, Buffer Stocks and Fiscal Policy, with Professor Bill Mitchell
Following the success of the National Young Economists' first event of 2020, 'An Introduction to the MMT Debate', there has been considerable interest in the approach to inflation management under modern monetary theory (MMT) frameworks, as well as fiscal policy and labour markets in the pandemic and post-pandemic eras.
Join University of Newcastle Professor Emeritus of Economics and Director of the Centre of Full Employment and Equity Bill Mitchell to discuss "flattening the Phillips Curve", full employment, the role of price anchors and automatic stabilisers versus discretionary fiscal policy, how the 'price rule' of stimulus contrasts with the 'quantity rule' of conventional Keynesian pump-priming, and the choice between unemployed buffer stocks (the NAIRU) and employed buffer stocks (the NAIBER) in inflation management policy.
Date: Wednesday 13 May 2020
Time: 6.00pm - 7.30pm AEST
Location: ZOOM - the zoom link will be sent to you on registration
Cost: Free - Members and Non-Members are welcome
William F. Mitchell is Emeritus Professor at the University of Newcastle, where he has held the Chair in Economics and serves as Director of the Centre of Full Employment and Equity (CofFEE). He is also Docent Professor in Global Political Economy at the University of Helsinki, Finland. Professor Mitchell holds a PhD in Economics (1998) from the University of Newcastle, a Master of Economics (1982) from Monash University, and a Bachelor of Commerce (1977) from Deakin University. He completed a Master’s Preliminary at the University of Melbourne in 1978 (first-class honours). Professor Mitchell is one of the founding developers of modern monetary theory (MMT) in the 1990s, coining the term. He is co-author of the best-selling textbook Macroeconomics (Macmillan, 2019), Reclaiming the State (2017), Eurozone Dystopia (2015), and Full Employment Abandoned (2008).