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

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..