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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
  • Fábio Henrique Bittes Terra
  • Fernando Ferrari Filho

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.
  • Handle: RePEc:ekm:repojs:v:41:y:2021:i:2:p:254-270:id:2151
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2151/2206
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    Citations

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    Cited by:

    1. Sánchez Arévalo, Jorge Luis & Ferreira de Andrade, Alisson Maxwell & de Oliveira Vendramin, Elisabeth, 2023. "Ibovespa’s response to the behavior of oil and ore prices during the international crisis caused by COVID-19," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 15(1), pages 21-43, January.
    2. Shvets, Serhii, 2021. "How excessive endogenous money supply can contribute to global financial crises," MPRA Paper 110191, University Library of Munich, Germany, revised 30 Jul 2021.

    More about this item

    Keywords

    Covid-19 crisis; Keynes; economic policies; money creation; public debt;
    All these keywords.

    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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