The relevance of the COVID-19 pandemic lies in the fact that it proved to be a basic disruptor of economic systems worldwide, thereby requiring unusually large quantities of monetary easing. This paper sets about examining the transition from a period described as “the great moderation” to a state characterized by a high level of inflation, the role of the Central Bank Digital Currencies (CBDC) as a mechanism for promoting economic stability, and the extension of central banking mandates to include considerations related to climate change and equity. This paper proposes a new framework for managing the economy in a digitalized and sustainable world.
Antonieta Lima (Mon,) studied this question.