Simple Macroeconomic Policies and Welfare: A Quantitative Assessment

dc.creatorCunha, Alexandre
dc.creatorAraújo, Eurilton
dc.date2014-09-03
dc.date.accessioned2023-08-31T21:37:26Z
dc.date.available2023-08-31T21:37:26Z
dc.identifierhttps://periodicos.fgv.br/rbe/article/view/16912
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/8560094
dc.descriptionThis 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.pt-BR
dc.formatapplication/pdf
dc.languagepor
dc.publisherEGV EPGEpt-BR
dc.relationhttps://periodicos.fgv.br/rbe/article/view/16912/31618
dc.sourceRevista Brasileira de Economia; Vol. 68 No. 3 (2014): Jul-Set; 303-316en-US
dc.sourceRevista Brasileira de Economia; v. 68 n. 3 (2014): Jul-Set; 303-316pt-BR
dc.source1806-9134
dc.source0034-7140
dc.subjectoptimal policypt-BR
dc.subjectbusiness cyclespt-BR
dc.subjectwelfarept-BR
dc.titleSimple Macroeconomic Policies and Welfare: A Quantitative Assessmentpt-BR
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion
dc.typeArticlesen-US
dc.typeArtigospt-BR


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