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FUNCTIONAL FINANCE: THE OPTION NOT DISCUSSED

Guilherme da Rocha Bezerra Costa () and Eduardo Strachman ()
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Guilherme da Rocha Bezerra Costa: Universidade Federal de Ouro Preto

Revista de Economia Mackenzie (REM), 2016, vol. 13, issue 1, 33-47

Abstract: On this paper, employment will be seen, mainly, through the contribution of Abba P. Lerner (1903-1982), and with the Functional Finance tools. For such, Functional Finance theory will be based through the analyses of the variables that underpin the model (Employment, Public Spending, Consumption, Income, Investment and rate of interest). It will conclude that with the perfect functioning of Functional Finance, together with the political will to do so, it can lead the economy to a higher employment volume, even to full employment.

Keywords: Functional Finance; Public Spending; Full Employment. (search for similar items in EconPapers)
Date: 2016
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