The Centre of Full Employment and Equity (known as CofFEE) is an official research centre at the University of Newcastle.
Our mission is to promote research aimed at restoring full employment and achieving an economy that delivers equitable outcomes for all.
CofFEE advocates the implementation and maintenance of the Job Guarantee
CofFEE undertakes basic and applied research in areas such as macroeconomics, monetary systems, regional and urban economies, applied time series and spatial econometrics. CofFEE researchers are among the original developers of Modern Monetary Theory (MMT) and the concept of employment buffer stocks (Job Guarantee).
Our researchers also have a long record of completing research commissions for various clients including ILO, Asian Development Bank, European Commission, the Australian Government, various Trade Unions and industry associations. If you are interested in accessing our research expertise please contact our office.
CofFEE's education project - MMTed - provides on-line and face-to-face teaching and specialised Masterclasses to further the public understanding of Modern Monetary Theory (MMT).
The Director's daily blog provides commentary and analysis of economic events.
William Mitchell, Professor of Economics, Centre of Full Employment and Equity, University of Newcastle, Australia; Warren Mosler, III Finance, St Croix, USA.
Published July 2024 (Lola Books).
In this book, William Mitchell and Warren Mosler, original proponents of what's come to be known as Modern Monetary Theory (MMT), discuss their perspectives about how MMT has evolved over the last 30 years.
Australian Purchase » ($A29.99 from Readings)
CofFEE in collaboration with Professor Scott Baum (Griffith University) have developed a Financial Resilience Barometer Index, which provides a detailed assessment of financial vulnerability by geographic region for Australia.
You can view detailed 'suburb' profiles and use the mapping tool to produce chloropeth maps with additional details.
A technical introduction - The Australian Financial Resilience Barometer: An Index for Australian Localities - can be download.
CofFEE's Educational Initiative - MMTed has developed a Manga series - The Smith Family and their Adventures with Money - to provide an accessible way for people to learn the principles of Modern Monetary Theory (MMT) while having still enjoying a bit of intrigue and fun.
Season Two - is now available.
For more details - Home Page - including Season 1 access, character bios, etc.
In September 2024, our Educational Initiative - MMTed - released the MMT MOOC on an Open Access licence.
The MMTed MOOC was offered several times under the University of Newcastle's edX licence. It aimed to provide interactive tuition in Modern Monetary Theory (MMT). The University has now kindly allowed MMTed under the direction of Professor William Mitchell (the course developer) to make the resources available under certain licensing conditions. Some of the edX functionality is not offered here but all the course materials are now available on an on-going basis for self-paced learning.
The course material is offered free of charge and there are no academic awards given by MMTed upon completion.
This is one of the videos we created while we were developing the content for the course.
William Mitchell- An Introduction to Modern Monetary Theory (October) - Download
William Mitchell - A comparative introduction to the economies of Australia and Japan (October) - Download
Scott Baum and William Mitchell - The Australian Financial Resilience Barometer: An Index for Australian Localities (October) - Download
July 17, 2020: CofFEE's analytical simulation model shows that to reduce the unemployment rate from 10 per cent to 4 per cent, the net investment would be $51.7 billion for a year. This would create 1,244 thousand jobs, 200 thousand of them in the private sector as a result of the extra income earned by the Job Guarantee workers.
See also a short Job Guarantee Q&A video with Professor William Mitchell.
The MMT textbook - Macroeconomics - was published by Macmillan in February 2019. Second edition is coming in 2025.
G15V 162 Albert Street
East Melbourne 3002 Victoria
Australia
© MMTed 2024
Telephone: +61-(0)419 422 410
E-mail Bill.Mitchell@newcastle.edu.au
