A note on growth, welfare and public policy
Autor(a) principal: | |
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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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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 |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/596 |
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) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
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FGV |
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FGV |
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Repositório Institucional do FGV (FGV Repositório Digital) |
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Repositório Institucional do FGV (FGV Repositório Digital) |
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