Thought Leadership Research 2

On a monthly basis, Whitehelm publishes proprietary research on current macroeconomic or financial market issues, and addresses the potential implications and opportunities for clients as the issues relate to their investment portfolios

Research Listing

COVID-19 and the Magnificent Money Tree

COVID-19 and the Magnificent Money Tree

July 2020

This month’s feature article explores why the COVID-19 pandemic may be the catalyst for dramatic changes to the economic policy framework employed by governments and central banks. We highlight the aspects of the recent fiscal and monetary policy response to COVID-19 that make Modern Monetary Theory seem an increasingly conceivable (or perhaps, inevitable) economic policy framework going forward. This month’s article is the first in a series of two on the topic of MMT, with next month’s article focused on the implications for asset markets and investment strategy that a shift in the economic policy framework may have.

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