Conditions for a post-Keynesian revolution: An institutionalist analysis of macroeconomics and economic development
The COVID-19 crisis scenario turned the world upside down. It's common that in a crisis governments tear up macroeconomic manuals before let economists have time to protest. The need to guarantee the subsistence and ensuring the production of medical equipment and supplies took countless governments nationalizing income flows and taking on the conversion industrial (CADENA; FERRARI-HAINES, 2020; UNCTAD, 2020). given to magnitude of the drop in economic activity and the complete uncertainty about the In the future, governments are being invited to announce fiscal and productive planning to anchor the expectations of financial agents and entrepreneurs about the future. The economic policies of the post-Keynesian school gained strong momentum, including with the reformist impetus of the Chartalist school of economics with the debate of modern monetary theory, the Modern Monetary Theory (MMT) (RESENDE, 2020; WRAY, 2003). That is, since the reality has imposed itself, perhaps we are on the eve of a “post-Keynesian revolution”.