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Impactos da pandemia • Estud. av. 34 (100) • Sep-Dec 2020 • https://doi.org/10.1590/s0103-4014.2020.34100.008   copy

A fragilidade econômica e financeira na pandemia do Sars-Covid-19

Authorship SCIMAGO INSTITUTIONS RANKINGS

ABSTRACT

This paper discusses the financial and economic frailty of the modern economy and how adverse exogenous shocks - like the Covid-19 pandemic -disrupt the economy and generate a mismatch between economic and financial commitments and the limits of possible macroeconomic policies. Consequently, there will be a destruction of firms and human capital that will never be recovered..

KEYWORDS:
Economic and financial frailty; Adverse exogenous shocks; Limits of macroeconomic policy

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