Teoria das finanças funcionais e o papel da política fiscal: uma crítica pós-keynesiana ao novo consenso macroeconômico
Theory of functional finance and the role of fiscal policy: A post-keynesian critique to the new consensus macroeconomics. This paper presents the critical approaches and elaborates the arguments that oppose those of the New Consensus Macroeconomics regarding the conduct of fiscal policy. Those crit...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Editora 34
2012-12-01
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| Series: | Brazilian Journal of Political Economy |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000400008&lng=en&tlng=en |
| _version_ | 1818308257437974528 |
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| author | Gabriel Caldas Montes Romulo do Couto Alves |
| author_facet | Gabriel Caldas Montes Romulo do Couto Alves |
| author_sort | Gabriel Caldas Montes |
| collection | DOAJ |
| description | Theory of functional finance and the role of fiscal policy: A post-keynesian critique to the new consensus macroeconomics. This paper presents the critical approaches and elaborates the arguments that oppose those of the New Consensus Macroeconomics regarding the conduct of fiscal policy. Those criticisms and arguments are based in the post-Keynesian thought and the theory of Functional Finance. The theory of Functional Finance is an extension of the Keynesian approach, particularly with regard to discussions on public finances. As supports the theory of Functional Finance, the objectives to be pursued by fiscal policy should suggest the improvement of social welfare as a whole, i.e., the performance of inflation, employment and output should be taken into account by policymakers. |
| first_indexed | 2024-12-13T07:11:24Z |
| format | Article |
| id | doaj.art-38f0c4a2f37e48848badb778e8f8382b |
| institution | Directory Open Access Journal |
| issn | 1809-4538 |
| language | English |
| last_indexed | 2024-12-13T07:11:24Z |
| publishDate | 2012-12-01 |
| publisher | Editora 34 |
| record_format | Article |
| series | Brazilian Journal of Political Economy |
| spelling | doaj.art-38f0c4a2f37e48848badb778e8f8382b2022-12-21T23:55:39ZengEditora 34Brazilian Journal of Political Economy1809-45382012-12-0132467068810.1590/S0101-31572012000400008S0101-31572012000400008Teoria das finanças funcionais e o papel da política fiscal: uma crítica pós-keynesiana ao novo consenso macroeconômicoGabriel Caldas Montes0Romulo do Couto AlvesUniversidade Federal FluminenseTheory of functional finance and the role of fiscal policy: A post-keynesian critique to the new consensus macroeconomics. This paper presents the critical approaches and elaborates the arguments that oppose those of the New Consensus Macroeconomics regarding the conduct of fiscal policy. Those criticisms and arguments are based in the post-Keynesian thought and the theory of Functional Finance. The theory of Functional Finance is an extension of the Keynesian approach, particularly with regard to discussions on public finances. As supports the theory of Functional Finance, the objectives to be pursued by fiscal policy should suggest the improvement of social welfare as a whole, i.e., the performance of inflation, employment and output should be taken into account by policymakers.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000400008&lng=en&tlng=enfiscal policyfunctional financepost-Keynesian |
| spellingShingle | Gabriel Caldas Montes Romulo do Couto Alves Teoria das finanças funcionais e o papel da política fiscal: uma crítica pós-keynesiana ao novo consenso macroeconômico Brazilian Journal of Political Economy fiscal policy functional finance post-Keynesian |
| title | Teoria das finanças funcionais e o papel da política fiscal: uma crítica pós-keynesiana ao novo consenso macroeconômico |
| title_full | Teoria das finanças funcionais e o papel da política fiscal: uma crítica pós-keynesiana ao novo consenso macroeconômico |
| title_fullStr | Teoria das finanças funcionais e o papel da política fiscal: uma crítica pós-keynesiana ao novo consenso macroeconômico |
| title_full_unstemmed | Teoria das finanças funcionais e o papel da política fiscal: uma crítica pós-keynesiana ao novo consenso macroeconômico |
| title_short | Teoria das finanças funcionais e o papel da política fiscal: uma crítica pós-keynesiana ao novo consenso macroeconômico |
| title_sort | teoria das financas funcionais e o papel da politica fiscal uma critica pos keynesiana ao novo consenso macroeconomico |
| topic | fiscal policy functional finance post-Keynesian |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000400008&lng=en&tlng=en |
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