Working Paper
Welfare, stabilization, or growth: a comparison of different fiscal objectives
Abstract: An argument that stabilization produces welfare levels nearly identical to those of welfare maximation, and that both these policies yield large welfare gains and modest growth losses relative to growth maximization policies.
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https://doi.org/10.26509/frbc-wp-199614
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https://www.clevelandfed.org/-/media/project/clevelandfedtenant/clevelandfedsite/publications/working-papers/1996/wp-9614-welfare-stabilization-or-growth-a-comparison-of-different-fiscal-objectives-pdf.pdf
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1996
Number: 9614