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A Green Purple Red New Deal: Rebuilding an Economy for All in the Aftermath of the Pandemic

Author

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  • Özlem Onaran

    (University of Greenwich)

Abstract

This paper discusses the building blocks of a paradigm shift for a needs-based approach to macroeconomic policy to tackle the multiple crises of inequalities, care and climate change in the aftermath of the pandemic, and outlines a “green, purple, red” policy mix of increasing public spending in the care and green economy, labor market policies and progressive taxation of both income and wealth.

Suggested Citation

  • Özlem Onaran, 2022. "A Green Purple Red New Deal: Rebuilding an Economy for All in the Aftermath of the Pandemic," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(79), pages 119-130, May.
    • Handle: RePEc:bcr:ensayo:v:1:y:2022:i:79:p:119-130
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    More about this item

    Keywords

    care economy; employment; fiscal policy; functional income distribution; gender wage gap; green investment; physical infrastructure; productivity; purple investment; social infrastructure; wealth concentration; wealth tax;
    All these keywords.

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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