Monetarily sovereign governments are not
constrained in the same way as economic units that
use a currency. Mechanics of monetary sovereignty
and their implications for public finances and
economic stability. Public debt, taxes, and
monetary financing. Real vs. financial constraints
and policy choices. Differences between sovereign
and nonsovereign governments.
constrained in the same way as economic units that
use a currency. Mechanics of monetary sovereignty
and their implications for public finances and
economic stability. Public debt, taxes, and
monetary financing. Real vs. financial constraints
and policy choices. Differences between sovereign
and nonsovereign governments.
- Teacher: Eric Tymoigne