Simple Macroeconomic Policies and Welfare: A Quantitative Assessment

Detalhes bibliográficos
Autor(a) principal: Araújo,Eurilton
Data de Publicação: 2014
Outros Autores: Cunha,Alexandre B.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402014000300303
Resumo: We quantitatively compare three macroeconomic policies in a cash-credit goods framework. The policies are: the optimal one; another one that fully smoothes out oscillations in output; and a simple one that prescribes constant values for tax and monetary growth rates. As often found in the related literature, the welfare gains or losses from changing from a given policy to another are small. We also show that the simple policy dominates the one that leads to constant output.
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spelling Simple Macroeconomic Policies and Welfare: A Quantitative AssessmentOptimal PolicyBusiness CyclesWelfareWe quantitatively compare three macroeconomic policies in a cash-credit goods framework. The policies are: the optimal one; another one that fully smoothes out oscillations in output; and a simple one that prescribes constant values for tax and monetary growth rates. As often found in the related literature, the welfare gains or losses from changing from a given policy to another are small. We also show that the simple policy dominates the one that leads to constant output.Fundação Getúlio Vargas2014-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402014000300303Revista Brasileira de Economia v.68 n.3 2014reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGV10.1590/S0034-71402014000300001info:eu-repo/semantics/openAccessAraújo,EuriltonCunha,Alexandre B.eng2014-11-06T00:00:00Zoai:scielo:S0034-71402014000300303Revistahttp://bibliotecadigital.fgv.br/ojs/index.php/rbe/issue/archivehttps://old.scielo.br/oai/scielo-oai.php||rbe@fgv.br1806-91340034-7140opendoar:2014-11-06T00:00Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)false
dc.title.none.fl_str_mv Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
title Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
spellingShingle Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
Araújo,Eurilton
Optimal Policy
Business Cycles
Welfare
title_short Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
title_full Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
title_fullStr Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
title_full_unstemmed Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
title_sort Simple Macroeconomic Policies and Welfare: A Quantitative Assessment
author Araújo,Eurilton
author_facet Araújo,Eurilton
Cunha,Alexandre B.
author_role author
author2 Cunha,Alexandre B.
author2_role author
dc.contributor.author.fl_str_mv Araújo,Eurilton
Cunha,Alexandre B.
dc.subject.por.fl_str_mv Optimal Policy
Business Cycles
Welfare
topic Optimal Policy
Business Cycles
Welfare
description We quantitatively compare three macroeconomic policies in a cash-credit goods framework. The policies are: the optimal one; another one that fully smoothes out oscillations in output; and a simple one that prescribes constant values for tax and monetary growth rates. As often found in the related literature, the welfare gains or losses from changing from a given policy to another are small. We also show that the simple policy dominates the one that leads to constant output.
publishDate 2014
dc.date.none.fl_str_mv 2014-09-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402014000300303
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402014000300303
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0034-71402014000300001
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Fundação Getúlio Vargas
publisher.none.fl_str_mv Fundação Getúlio Vargas
dc.source.none.fl_str_mv Revista Brasileira de Economia v.68 n.3 2014
reponame:Revista Brasileira de Economia (Online)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Revista Brasileira de Economia (Online)
collection Revista Brasileira de Economia (Online)
repository.name.fl_str_mv Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||rbe@fgv.br
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