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Ensayos Económicos N°79- Mayo 2022

A Green Purple Red New Deal: Rebuilding an Economy for All in the Aftermath of the Pandemic

Özlem Onaran
University of Greenwich, United Kingdom

Resumen

This paper discusses the building blocks of a paradigm shift for a needs-based approach to macroeconomic policy to tackle the multiple crises of inequalities, care and climate change in the aftermath of the pandemic, and outlines a “green, purple, red” policy mix of increasing public spending in the care and green economy, labor market policies and progressive taxation of both income and wealth. (This article is based on the presentation made by the author at the 2021 Monetary and Banking Conference of the Central Bank of Argentina).

Palabras Clave: care economy, employment, fiscal policy, functional income distribution, gender wage gap, green investment, physical infrastructure, productivity, purple investment, social infrastructure, wealth concentration, wealth tax

Códigos JEL: E1, E2, E62

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Fecha de publicación: 27/05/2022

Cómo citar este trabajo: Onaran, Ö. (2022); "A Green Purple Red New Deal: Rebuilding an Economy for All in the Aftermath of the Pandemic", Ensayos Económicos, N°79, Mayo, pp. 119-130.