"How to pay for the war"gasto público e inflación

  1. David Sanz Bas 1
  1. 1 Universidad Católica Santa Teresa de Jesús de Ávila
    info

    Universidad Católica Santa Teresa de Jesús de Ávila

    Ávila, España

    ROR https://ror.org/05wa62164

Revista:
Anuario jurídico y económico escurialense

ISSN: 1133-3677

Any de publicació: 2019

Número: 52

Pàgines: 277-306

Tipus: Article

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Altres publicacions en: Anuario jurídico y económico escurialense

Resum

At the beginning of World War II, John Maynard Keynes prepared an original plan detailing how the British society should deal with the problem of war finance. The enlarged version of his proposal was published in a pamphlet under the title How to pay for the war(1940). It was the first relevant contribution that this economist made to the British war effort during the conflict. Wars imply a large public expenditure. In this sense, the study of the Keynes plan can shed light about the different ways to finance the public spending of our societies and their macroeconomic implications. For this reason, we will start this paper with a historical contextualization of How to pay for the war and explain the details of this proposal. Then, we will carry out a modelization of Keynes's plan and will show that it can be useful in the design and implementation of public policies in the current context.

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