Is this very much a matter of faith? A monetization approach to covid-19.

COVID-19 pandemic and resulting global economic contraction will stress all Countries’ fiscal frameworks raising several concerns about real and effective possibilities to deal with all deriving issues. The magnitude of shocks will surely affect the fiscal deficit and public debt in the majority of them. The sustainability and the survival of present worldwide economic system is severely tested. Through the application of the Granger causality methodology, the historical series of monetary aggregates and inflation are analyzed for different countries. The goal of this empirical analysis to support an unconventional approach to the solution of a crisis that has pervaded all nations and economic systems.