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Conventions, Money Creation and Public Debt to Face the Covid-19 Crisis and its Aftermath: A Post-Keynesian View

Author

Listed:
  • Marco Flávio da Cunha Resende

    (Associate Professor at Federal University of Minas Gerais and Researcher at National Council of Scientific and Technological Development (CNPq), Brazil.)

  • Fábio Henrique Bittes Terra

    (Associate Professor at Federal University of ABC and at the Economics Graduate Programme of the Federal University of Uberlandia, and CNPq Researcher, Brazil.)

  • Fernando Ferrari Filho

    (Retired Professor of Economics at Federal University of Rio Grande do Sul and Researcher at National Council of Scientific and Technological Development (CNPq), Brazil, and Visiting Professor at Washington and Lee University, United States.)

Abstract

The aim of this article is, on the one hand, to analyze, based on Keynes’s ideas, the relevance of money creation and public debt to mitigate the Covid-19 economic crisis, and, on the other hand, it analyses the role of conventions in this context. JEL Classification: E12; E30; E50; E60.

Suggested Citation

  • Marco Flávio da Cunha Resende & Fábio Henrique Bittes Terra & Fernando Ferrari Filho, 2021. "Conventions, Money Creation and Public Debt to Face the Covid-19 Crisis and its Aftermath: A Post-Keynesian View," Brazilian Journal of Political Economy, Center of Political Economy, vol. 41(2), pages 254-270, March.
    • Handle: RePEc:ekm:repojs:v:41:y:2021:i:2:id:95048
    DOI: 10.1590/0101-31572021-3260
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    Keywords

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    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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