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

Bibliographic Details
Main Author: Costa, Luis F.
Publication Date: 2011
Other Authors: Dixon, Huw David
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.5/30158
Summary: 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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T16:24:02Zoai:repositorio.ulisboa.pt:10400.5/30158Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:12:41.016733Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
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:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
_version_ 1833601983420825600

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