Monetary and fiscal policies as public goods: rethinking individual policies as well as their coordination for economic growth and employment

Eduardo Strachman, Jefferson Souza Fraga and Vitor Guidorzzi Girotto

MPRA Paper from University Library of Munich, Germany

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)
JEL-codes: E50 E60 H11 H41 H60 (search for similar items in EconPapers)
Date: 2025-07-19, Revised 2025-09-25
New Economics Papers: this item is included in nep-cba, nep-hme and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:126340

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