Folia Oeconomica Stetinensia (Jun 2023)

AD-AS Analysis from the Perspective of Functional Finance Theory and MMT

  • Tanaka Yasuhito

DOI
https://doi.org/10.2478/foli-2023-0014
Journal volume & issue
Vol. 23, no. 1
pp. 263 – 283

Abstract

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In the past few years, MMT (Modern Money Theory or Modern Monetary Theory) has been increasingly discussed in Japan as well as in the U.S. However, both in the U.S. and Japan, analysis using mathematics is lacking and analysis using IS-LM and AD-AS analysis methods in macroeconomics is almost non-existent.

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