Política fiscal e mainstream econômico nos Estados Unidos

um novo papel em curso?

Authors

DOI:

https://doi.org/10.1590/ypp8b949

Abstract

This article aims to demonstrate that the US economic mainstream has been undergoing internal questioning since the 2008 global financial crisis, but mainly after the COVID-19 pandemic, especially regarding fiscal policy. A qualitative research methodology is used, through the selection, analysis, and critical evaluation of papers by authors considered to be members of the mainstream. If before, based on the conceptual framework of the New Consensus Macroeconomics, fiscal policy played a passive role, it should now be in charge of stabilizing economic activity and the level of employment, especially (but not only) in situations where monetary policy is restricted by the zero lower bound. In conclusion, these changes point to an intense debate within the mainstream itself, in rethinking fiscal policy activism, its objectives, metrics, and instruments, in line with the unfolding of crises and the needs imposed by reality.

Author Biography

  • Roberto Alexandre Zanchetta Borghi, Universidade Estadual de Campinas (UNICAMP)

    Economista e Professor do Instituto de Economia da Universidade Estadual de Campinas (Unicamp). Doutor pela Universidade de Cambridge, Reino Unido. Mestre e Bacharel pela Universidade Estadual de Campinas, Brasil. Possui larga experiência nas áreas de Economia Internacional, Economia Industrial e Macroeconomia, com ênfase em Brasil e China, desenvolvimento econômico e inserção externa, estudos setoriais e análises de insumo-produto. Possui diversos artigos publicados em revistas especializadas nacionais e internacionais, além de capítulos de livros e artigos de opinião. Participa regularmente de conferências no Brasil e no exterior.

Published

2026-06-17

Issue

Vol. 35 No. 2 (2026): Economia e Sociedade

Section

Article

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