 Monetary and fiscal policies as public goods: rethinking individual policies as well as their coordination for economic growth and employmentEduardo Strachman, Jefferson Souza Fraga and Vitor Guidorzzi Girotto Chapter 8 in Central Banking, Monetary Policy and the Common Good, 2026, pp 146-166 from Edward Elgar Publishing Abstract: This chapter redefines monetary and fiscal policies through the lens of public goods, arguing that their non-rival and economy-wide benefits require coordinated management to foster inclusive economic growth and employment. Drawing on post-Keynesian theory, it shows how money, as a social technology, and fiscal policy, through infrastructure and investment programmes, shape expectations, stimulate private investment, and enhance welfare. Integrating theoretical insights with historical and contemporary evidence, including the COVID-19 policy response, the chapter underscores the importance of strategic coordination to overcome uncertainty, stabilize long-term investment, and strengthen macroeconomic resilience. It challenges conventional approaches that treat policies in isolation, advocating instead their design as complementary instruments for sustainable development and shared prosperity. Keywords: Fiscal policy; Infrastructure investment; Monetary policy; Policy coordination; Post-Keynesian economics; Public goods (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:24020_8 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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