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Functional Finance: The Option Not Discussed

Author

Listed:
  • Guilherme da Rocha Bezerra Costa

    (Universidade Federal de Ouro Preto)

  • Eduardo Strachman

    (Universidade Estadual Paulista Júlio de Mesquita Filho)

Abstract

On this paper, employment will be seen, mainly, through the contribution of Abba P. Lerner (1903-1982), and with the Functional Finance tools. For such, Functional Finance theory will be based through the analyses of the variables that underpin the model (Employment, Public Spending, Consumption, Income, Investment and rate of interest). It will conclude that with the perfect functioning of Functional Finance, together with the political will to do so, it can lead the economy to a higher employment volume, even to full employment.

Suggested Citation

  • Guilherme da Rocha Bezerra Costa & Eduardo Strachman, 2016. "Functional Finance: The Option Not Discussed," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 13(1), pages 33-47, July.
    • Handle: RePEc:aft:journl:v:13:1:2016:jul:p:33-47
    DOI: -
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