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Author Guidelines

Authors may have up to two articles simultaneously in the evaluation process; if an article is approved for publication in this journal, they must wait twelve months to submit a new one. The submission of a text (in Portuguese, English, or Spanish) authorizes its publication and implies a commitment that the same material is not being submitted to another journal. If the text is part of a book in preparation, the authors must provide details regarding the title and the estimated publication date; the book must mention the original publication in Economia e Sociedade. Contributions must be submitted on the journal’s webpage, preferably in doc(x) format; graphs and tables must be submitted in an editable format. In the body of the text, references that allow identification of the authorship should be avoided. The author's or authors' name, institutional affiliation, mailing address, email address, phone number, and fax number must be included in a supplementary file, inserted after the main file. For articles and notes, it is essential to include the title, abstract (maximum of 150 words), and a list of up to five keywords. In articles written in Portuguese or Spanish, this information must also be presented in English, and if in Spanish, it must also be presented in Portuguese. A list of up to five codes from the Journal of Economic Literature classification system must also be included. Graphs, tables (both with title and source), equations, and footnotes should be limited to the text's needs. Complete bibliographical references should be presented at the end of the work and not in footnotes. In the body of the text, references will only include the author's name, original publication date of the work, and pages or chapters used. The submitted manuscript is considered final. The selected texts undergo orthographic and grammatical revision. The journal does not pay royalties. The authors of the articles are responsible for the ideas and concepts contained in the articles.

Submission Preparation Checklist

All submissions must meet the following requirements.

  • The submission has not been previously published, nor is it before another journal for consideration (or an explanation has been provided in Comments to the Editor).
  • The submission file is in OpenOffice, Microsoft Word, or RTF document file format.
  • Where available, URLs for the references have been provided.
  • The text is single-spaced; uses a 12-point font; employs italics, rather than underlining (except with URL addresses); and all illustrations, figures, and tables are placed within the text at the appropriate points, rather than at the end.
  • The text adheres to the stylistic and bibliographic requirements outlined in the Author Guidelines.
  • Through the Open Science Compliance Form, authors will inform the journal about the manuscript's adherence to the communication practices of Open Science.
  • The submitted manuscript complies with the rules for the use of Artificial Intelligence, which allow the use of AI to enhance the text's language, prohibiting its use for content creation or development.

  • Authors declare that the following guidelines apply when using AI in the writing process, except for the use of AI in data analysis:

    • The AI tool should only be used in the writing process to enhance the language of the text.
    • AI technology must be applied under human supervision and control, and authors should carefully review and edit the results, as they are responsible for the content of the manuscript.
    • This declaration does not apply to the use of tools for checking grammar, spelling, and references.

What Should Central Banks Do?

A joint symposium between the Review of Political Economy and Economia e
Sociedade.

GUEST EDITORS Carolina Troncoso Baltar · Alex Wilhans Antonio Palludeto · Louis-Philippe Rochon
· Sergio Rossi

Central banks were first designed to deal with financial instability and to give
economic and financial support to governments by funding public debt. This was their
primary raison d’être. The earliest institutions, like the Bank of England (1694), were
established specifically to finance military conflicts and manage national treasuries.
Later, banks like the U.S. Federal Reserve (1913) were created as “lenders of last resort”
to stop bank panics and standardize currency. As time went on, however, central banks
were called upon to assume additional tasks, notably the responsibility for keeping
inflation ‘low and stable’ and for addressing unemployment.
Viewed from the periphery, this question cannot be separated from the hierarchical
nature of the global monetary and financial system. That hierarchy shapes even central
banks' ‘core’ objectives, so what is at stake is less the addition of new mandates than
the degree of monetary sovereignty peripheral capitalist states possess in the first
place.
Today, as research has progressed and new economic challenges have arisen, central
banks are being called upon once more — from various ideological sides — to address
issues of inequality and the environment, and to participate in quantitative easing for
the people.

But are central banks able to address all these issues? Or, more importantly, should
they? In the end, are we not asking central banks to do too much? Should central banks
address income inequality? Should they address ecological problems, and, above all,
should they distribute money to the general public?
It is of course one thing to recognize that monetary policy has distributive or ecological
consequences, but asking central banks to address these issues is a matter of great
debate. Does this fall into the mainstream trap of accepting ‘monetary policy
dominance’, as coined by Rochon and Setterfield? Are central banks equipped to deal
with these additional problems, or should they be relegated to fiscal policy?
Such is the question posed by this joint symposium between the Review of Political
Economy and Economia e Sociedade. Our aim is to publish a total of twenty articles
across the two journals, asking the important question of what central banks should do
today.

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Authors who publish in this journal agree to the following terms: Authors retain copyright and grant the journal the right of first publication, with the work simultaneously licensed under a Creative Commons Attribution License, which allows the sharing of the work with acknowledgment of authorship and initial publication in this journal. Authors are authorized to enter into additional contracts separately for the non-exclusive distribution of the version of the work published in this journal (e.g., publish in an institutional repository or as a book chapter), with acknowledgment of authorship and initial publication in this journal. All content of the journal, except where identified, is licensed under a Creative Commons Attribution BY-NC License.

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