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

Vol. 41 No. 2 (2021)

Apr-Jun / 2021
Published March 30, 2021
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PDF-English

How to Cite

Resende, Marco Flávio da Cunha, Fábio Henrique Bittes Terra, and 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 41 (2):254-70. https://doi.org/10.1590/0101-31572021-3260.
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Conventions, Money Creation and Public Debt to Face the Covid-19 Crisis and its Aftermath: A Post-Keynesian View

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.
Brazilian Journal of Political Economy, Vol. 41 No. 2 (2021), Apr-Jun / 2021, Pages 254-270

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.


Keywords: Covid-19 crisis Keynes economic policies money creation public debt

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