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.

Keywords: Fiscal policy;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Working Papers (Old Series)

Publication Date: 1996

Number: 9614