ABSTRACT
In this paper we present a response mechanism to the COVID-19 pandemic consistent with the previous empirical literature that emerged during the Great Recession, although not with the underlying ontology. Therefore, we analyze the principle of the endogeneity of money and argue how the proposed mechanism, the Guaranteed Employment, is an institutional and functional solution that allows for overcoming the limitations of the mechanisms used during the Great Recession. This is a further step towards closer coordination between the Central Bank and the Treasury, which has certainly proven essential for financial stability since the international financial crisis of 2007-2008, and which must also encompass macroeconomic stability to cope with the current and future challenges we face as a society: today it is the pandemic, but tomorrow it will be climate change.
ABSTRACT
The coronavirus pandemic has forced governments around the world to enact hitherto unknown measures to curb its worst economic and social consequences. In Spain, Royal Decree 463/2020 of March 14, 2020 declares the state of alarm for the management of the health crisis situation caused by COVID-19. From that moment, the population was confined to their homes in a general way, with minors being locked up between March 14 and April 26, 2020. In this study we identify the behaviors, emotions and physical symptoms that they may have suffered minors derived from confinement. We also analyze whether the development of creative activities during confinement has motivated emotional and behavioral changes in them. The results confirm that the performance of these activities has positive effects, contributing to significantly mitigate some symptoms such as nervousness or excessive attachment to adults, also significantly improving their behavior and attitude in this extraordinary situation. The investigation is completed comparing the effects of confinement with pediatric hospitalization, influencing the attitudinal and sociability changes of minors. Faced with the current trend towards the displacement of artistic education from the curricula, the evidence found reinforces the demands that art occupy a central place in society;a role that goes beyond the narrow space traditionally limited to the Economy of Culture and directed by the market. In conclusion, we reflect on the direction that economic policies should have to relate cultural policy and mental health policies from the early stages.
ABSTRACT
Hysteresis, Secular Stagnation, and Zero Lower Bound have been joined by a fourth rider, the Coronavirus pandemic. If the disconnection from the traditional Interest Rate Policy for macroeconomic management forced central banks around the world to make incursions into unexplored terrain;the shock of COVID-19 forces us to delve deeper into the unknown and do it quickly, because the costs of not doing so will cause extensive and persistent damage. In this context, we discuss the role of fiscal policy and how emerging ideas appearing at similar historical moments should be reconsidered. © 2020, Universidad de Huelva. All rights reserved.