A note on growth, welfare and public policy

Detalhes bibliográficos
Autor(a) principal: Ferreira, Pedro Cavalcanti
Data de Publicação: 1997
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/596
Resumo: In this note the growth anti welfare effects of fiscal anti monetary policies are investigated in three economies where public investment is part of the productive process It is shown that growth is maximized at positive levels of income tax and inflation but that there is no direct relationship between government size, productivity and growth or between inflation and growth. However, unless there are no transfers or public goods in the economy, maximization of growth does not imply welfare maximization and the optimal tax rate and government size are greater than those that maximize growth. Money is not superneutral anti the optimal rate of money creation is below the maximizing rate of growth.
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spelling Ferreira, Pedro CavalcantiEscolas::EPGEFGV2008-05-13T15:27:37Z2008-05-13T15:27:37Z1997-010104-8910http://hdl.handle.net/10438/596In this note the growth anti welfare effects of fiscal anti monetary policies are investigated in three economies where public investment is part of the productive process It is shown that growth is maximized at positive levels of income tax and inflation but that there is no direct relationship between government size, productivity and growth or between inflation and growth. However, unless there are no transfers or public goods in the economy, maximization of growth does not imply welfare maximization and the optimal tax rate and government size are greater than those that maximize growth. Money is not superneutral anti the optimal rate of money creation is below the maximizing rate of growth.engEscola de Pós-Graduação em EconomiaEnsaios Econômicos;298Todo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessA note on growth, welfare and public policyinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaDesenvolvimento econômicoBem-estar econômicoPolíticas públicasEconomiareponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000078828.pdf000078828.pdfapplication/pdf952035https://repositorio.fgv.br/bitstreams/7a5c7d9e-8888-4ae4-8e88-b856e47908aa/download90a97bd571b51ed7453f8e6596d6799cMD51TEXT000078828.pdf.txt000078828.pdf.txtExtracted texttext/plain49021https://repositorio.fgv.br/bitstreams/69430c51-f7f2-4233-8ea0-fef11e0a35ea/download73143fdbfab04907a2537e696b8d6377MD56THUMBNAIL000078828.pdf.jpg000078828.pdf.jpgGenerated Thumbnailimage/jpeg2248https://repositorio.fgv.br/bitstreams/a18accb5-5a9c-496e-bb05-8fcca1493240/download20b53f4ad5e609e708a2069141c0ab58MD5710438/5962023-11-09 19:11:00.833open.accessoai:repositorio.fgv.br:10438/596https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T19:11Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv A note on growth, welfare and public policy
title A note on growth, welfare and public policy
spellingShingle A note on growth, welfare and public policy
Ferreira, Pedro Cavalcanti
Economia
Desenvolvimento econômico
Bem-estar econômico
Políticas públicas
Economia
title_short A note on growth, welfare and public policy
title_full A note on growth, welfare and public policy
title_fullStr A note on growth, welfare and public policy
title_full_unstemmed A note on growth, welfare and public policy
title_sort A note on growth, welfare and public policy
author Ferreira, Pedro Cavalcanti
author_facet Ferreira, Pedro Cavalcanti
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Ferreira, Pedro Cavalcanti
dc.subject.area.por.fl_str_mv Economia
topic Economia
Desenvolvimento econômico
Bem-estar econômico
Políticas públicas
Economia
dc.subject.bibliodata.por.fl_str_mv Desenvolvimento econômico
Bem-estar econômico
Políticas públicas
Economia
description In this note the growth anti welfare effects of fiscal anti monetary policies are investigated in three economies where public investment is part of the productive process It is shown that growth is maximized at positive levels of income tax and inflation but that there is no direct relationship between government size, productivity and growth or between inflation and growth. However, unless there are no transfers or public goods in the economy, maximization of growth does not imply welfare maximization and the optimal tax rate and government size are greater than those that maximize growth. Money is not superneutral anti the optimal rate of money creation is below the maximizing rate of growth.
publishDate 1997
dc.date.issued.fl_str_mv 1997-01
dc.date.accessioned.fl_str_mv 2008-05-13T15:27:37Z
dc.date.available.fl_str_mv 2008-05-13T15:27:37Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.issn.none.fl_str_mv 0104-8910
identifier_str_mv 0104-8910
url http://hdl.handle.net/10438/596
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.por.fl_str_mv Ensaios Econômicos;298
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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