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The return of Keynesianism? Exploring path dependency and ideational change in post-covid fiscal policy
Policy and Society ( IF 10.104 ) Pub Date : 2022-01-21 , DOI: 10.1093/polsoc/puab013
Usman W Chohan 1
Affiliation  

The aim of this article is to explore the nature of policy change in the domain of public finance (fiscal policy) in the wake of the coronavirus disease (Covid-19) pandemic as well as for a post-Covid era. It draws upon the literatures of path dependency and ideational change in public policy to consider three broad questions: (1) whether the pandemic really is a critical juncture for policy change; (2) whether the extant neoliberal austerity paradigm has faced lasting ideational displacement by Keynesianism; and (3) whether Covid-19 has really punctuated the existing fiscal policy equilibrium or rather served as a path-clearing accelerator of public finance trends that were already underway. The article then suggests three potential future trajectories: Keynesian, neoliberal, and mixed/other to consider how the path of policy change might materialize in the fiscal realm in the post-Covid era.

中文翻译:

凯恩斯主义回归?探索后covid财政政策的路径依赖和观念变化

本文的目的是探讨在冠状病毒病 (Covid-19) 大流行之后以及后 Covid 时代公共财政(财政政策)领域政策变化的性质。它借鉴公共政策中路径依赖和观念变化的文献来考虑三个广泛的问题:(1)大流行是否真的是政策变化的关键时刻;(2) 现存的新自由主义紧缩范式是否面临凯恩斯主义的持久观念置换;(3) Covid-19 是否真的打破了现有的财政政策平衡,或者更确切地说,它是已经在进行的公共财政趋势的清理加速器。然后,文章提出了三种潜在的未来轨迹:凯恩斯主义、新自由主义、
更新日期:2022-01-21
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