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Política fiscal para un nuevo régimen de bienestar post pandemia COVID-19 basado en Buen Vivir
[Fiscal policy for a new post-pandemic COVID-19 welfare regime based on Good Living]

Author

Listed:
  • García Álvarez, Santiago

Abstract

The great impacts from the COVID-19 health pandemic showed the economistic and instrumentalist limits of fiscal policy, which was verwhelmed by the disruptive crisis in all the countries of the world. In addition, there are great challenges to face climate change. In this context, the main objective of this work is to analyze and propose a set of principles and instruments that should characterize fiscal policy to achieve a new welfare regime called Good Living, which in turn comprises three fundamental elements: i) biocentric sustainability, ii) social equity and, iii) personal satisfaction. The methodology used is basically a bibliographic review under the cross-reference technique, on the concepts of welfare regime and Good Living. It reviews the main fiscal proposals from both the new macroeconomic consensus, as well as the so-called macroeconomics for development and the counter-cyclical fiscal policy from ECLAC. Main conclusions: fiscal policy for Good Living changes the instrumentalist fiscal vision and relates it to a broad and integrated vision in the social, economic and environmental spheres, but without neglecting the criteria of sustainability of the processes through the generation of adequate income and financing, therefore, it would have a higher level than the approaches of the mainstream and Latin American neostructuralism.

Suggested Citation

  • García Álvarez, Santiago, 2022. "Política fiscal para un nuevo régimen de bienestar post pandemia COVID-19 basado en Buen Vivir [Fiscal policy for a new post-pandemic COVID-19 welfare regime based on Good Living]," MPRA Paper 129687, University Library of Munich, Germany, revised 23 May 2023.
  • Handle: RePEc:pra:mprapa:129687
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    References listed on IDEAS

    as
    1. Marc Lavoie, 2009. "Introduction to Post-Keynesian Economics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-23548-9, April.
    2. Olivier Blanchard, 2009. "The State of Macro," Annual Review of Economics, Annual Reviews, vol. 1(1), pages 209-228, May.
    3. Philip Arestis, 2009. "The New Consensus in Macroeconomics: A Critical Appraisal," Palgrave Macmillan Books, in: Giuseppe Fontana & Mark Setterfield (ed.), Macroeconomic Theory and Macroeconomic Pedagogy, chapter 5, pages 100-117, Palgrave Macmillan.
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    More about this item

    Keywords

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    JEL classification:

    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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