Fiscal policy under imperfect competition : a survey

Bibliographic Details
Main Author: Costa, Luís F.
Publication Date: 2009
Other Authors: Dixon, Hum
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.5/1862
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 : a surveyFiscal PolicyImperfect CompetitionThis 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.ISEG - Departamento de Economia.Repositório da Universidade de LisboaCosta, Luís F.Dixon, Hum2010-04-26T15:12:10Z20092009-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/1862engCosta, Luís F.Hum Dixon. 2009. "Fiscal policy under imperfect competition : a survey". Instituto Superior de Economia e Gestão - DE working papers nº 25-2009/DE/UECE.0874-4548info: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:RCAAP2025-03-17T16:24:51Zoai:repositorio.ulisboa.pt:10400.5/1862Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:13:38.259189Repositórios 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 : a survey
title Fiscal policy under imperfect competition : a survey
spellingShingle Fiscal policy under imperfect competition : a survey
Costa, Luís F.
Fiscal Policy
Imperfect Competition
title_short Fiscal policy under imperfect competition : a survey
title_full Fiscal policy under imperfect competition : a survey
title_fullStr Fiscal policy under imperfect competition : a survey
title_full_unstemmed Fiscal policy under imperfect competition : a survey
title_sort Fiscal policy under imperfect competition : a survey
author Costa, Luís F.
author_facet Costa, Luís F.
Dixon, Hum
author_role author
author2 Dixon, Hum
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Costa, Luís F.
Dixon, Hum
dc.subject.por.fl_str_mv Fiscal Policy
Imperfect Competition
topic Fiscal Policy
Imperfect Competition
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 2009
dc.date.none.fl_str_mv 2009
2009-01-01T00:00:00Z
2010-04-26T15:12:10Z
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/10400.5/1862
url http://hdl.handle.net/10400.5/1862
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Costa, Luís F.Hum Dixon. 2009. "Fiscal policy under imperfect competition : a survey". Instituto Superior de Economia e Gestão - DE working papers nº 25-2009/DE/UECE.
0874-4548
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 ISEG - Departamento de Economia.
publisher.none.fl_str_mv ISEG - Departamento de Economia.
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
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instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
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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
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