Koichi Hamada

For Koichi Hamada's latest contributions to The Japan Times, see below:

Does Japan's experience vindicate MMT?

Commentary / Japan Jul 7, 2019

Does Japan's experience vindicate MMT?

Japan's experience doesn't prove that Modern Monetary Theory works, as some have argued. But increasing deficit-financed spending, in Japan and elsewhere, may still have merit, despite inflationary risks.