Fiscal policy under imperfect competition with flexible prices: an overview and survey

Detalhes bibliográficos
Autor(a) principal: Costa, Luis F.
Data de Publicação: 2011
Outros Autores: Dixon, Huw David
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/30158
Resumo: This paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and welfare. We examine static and dynamic models, with and without entry under a variety of assumptions using a common analytical framework. We find that in general there is a robust relationship between the fiscal multiplier and welfare, the tantalizing possibility of Pareto improving fiscal policy is much more elusive. In general, the mechanisms are supply side, and so welfare improving policy, whilst possible, is not a general result.
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spelling Fiscal policy under imperfect competition with flexible prices: an overview and surveyFiscal PolicyImperfect CompetitionDynamic ModelsThis paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and welfare. We examine static and dynamic models, with and without entry under a variety of assumptions using a common analytical framework. We find that in general there is a robust relationship between the fiscal multiplier and welfare, the tantalizing possibility of Pareto improving fiscal policy is much more elusive. In general, the mechanisms are supply side, and so welfare improving policy, whilst possible, is not a general result.Walter de Gruyter GMbHRepositório da Universidade de LisboaCosta, Luis F.Dixon, Huw David2024-02-20T10:33:29Z20112011-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/30158engCosta, Luis F. and Huw David Dixon .(2011). “Fiscal policy under imperfect competition with flexible prices : an overview and survey". The Open-Access, Open-Assessment E-Journal, Vol. 5, 2011-3. doi:10.5018/economics-ejournal.ja.2011-3. (Search PDF in 2024).doi.org/10.5018/economics-ejournal.ja.2011-3info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-25T01:35:19Zoai:www.repository.utl.pt:10400.5/30158Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:11:24.849688Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Fiscal policy under imperfect competition with flexible prices: an overview and survey
title Fiscal policy under imperfect competition with flexible prices: an overview and survey
spellingShingle Fiscal policy under imperfect competition with flexible prices: an overview and survey
Costa, Luis F.
Fiscal Policy
Imperfect Competition
Dynamic Models
title_short Fiscal policy under imperfect competition with flexible prices: an overview and survey
title_full Fiscal policy under imperfect competition with flexible prices: an overview and survey
title_fullStr Fiscal policy under imperfect competition with flexible prices: an overview and survey
title_full_unstemmed Fiscal policy under imperfect competition with flexible prices: an overview and survey
title_sort Fiscal policy under imperfect competition with flexible prices: an overview and survey
author Costa, Luis F.
author_facet Costa, Luis F.
Dixon, Huw David
author_role author
author2 Dixon, Huw David
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Costa, Luis F.
Dixon, Huw David
dc.subject.por.fl_str_mv Fiscal Policy
Imperfect Competition
Dynamic Models
topic Fiscal Policy
Imperfect Competition
Dynamic Models
description This paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and welfare. We examine static and dynamic models, with and without entry under a variety of assumptions using a common analytical framework. We find that in general there is a robust relationship between the fiscal multiplier and welfare, the tantalizing possibility of Pareto improving fiscal policy is much more elusive. In general, the mechanisms are supply side, and so welfare improving policy, whilst possible, is not a general result.
publishDate 2011
dc.date.none.fl_str_mv 2011
2011-01-01T00:00:00Z
2024-02-20T10:33:29Z
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/10400.5/30158
url http://hdl.handle.net/10400.5/30158
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Costa, Luis F. and Huw David Dixon .(2011). “Fiscal policy under imperfect competition with flexible prices : an overview and survey". The Open-Access, Open-Assessment E-Journal, Vol. 5, 2011-3. doi:10.5018/economics-ejournal.ja.2011-3. (Search PDF in 2024).
doi.org/10.5018/economics-ejournal.ja.2011-3
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Walter de Gruyter GMbH
publisher.none.fl_str_mv Walter de Gruyter GMbH
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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