Since 2014
Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
Revista Brasileira de Economia
View Archive Info| Field | Value | |
| Title |
Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
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| Creator |
Cunha, Alexandre; Federal University of Rio de Janeiro
Araújo, Eurilton |
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| Subject |
optimal policy; business cycles; welfare
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| Description |
This paper investigates the welfare implications of macroeconomic policies that eliminate output volatility. We conclude that such policies can lead to welfare losses, even when compared with a simple macroeconomic policy that prescribes constant rates for taxes and money supply growth. We quantify the losses in terms of percent points of consumption levels. We find that they are, as often found in the related literature, small.
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| Publisher |
Escola de Pós-Graduação em Economia da FGV
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| Contributor |
CNPq
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| Date |
2014-09-03
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Articles Artigos |
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| Format |
application/pdf
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| Identifier |
http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/16912
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| Source |
Revista Brasileira de Economia; v. 68, n. 3 (2014); 303-316
Revista Brasileira de Economia; v. 68, n. 3 (2014); 303-316 0034-7140 0034-7140 |
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| Language |
por
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| Relation |
http://bibliotecadigital.fgv.br/ojs/index.php/rbe/article/view/16912/31618
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