Autor(es):
Costa, Luís F. 
; Dixon, Hum
Data: 2009
Identificador Persistente: http://hdl.handle.net/10400.5/1862
Origem: Repositório da UTL
Assunto(s): Fiscal policy; Imperfect competition
Detalhes do Documento
Fiscal policy under imperfect competition : a survey
Descrição
This paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and welfare. We examine static and dynamic models, with and without entry under a variety of assumptions using a common analytical framework. We find that in general there is a robust relationship between the fiscal multiplier and welfare, the tantalizing possibility of Pareto improving fiscal policy is much more elusive. In general, the mechanisms are supply side, and so welfare improving policy, whilst possible, is not a general result.
This paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and welfare. We examine static and dynamic models, with and without entry under a variety of assumptions using a common analytical framework. We find that in general there is a robust relationship between the fiscal multiplier and welfare, the tantalizing possibility of Pareto improving fiscal policy is much more elusive. In general, the mechanisms are supply side, and so welfare improving policy, whilst possible, is not a general result.
Tipo de Documento
Outro
Idioma Inglês
Idioma Inglês
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