Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Welfare, stabilization, or growth: a comparison of different fiscal objectives
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.
Cite this item
Steven P. Cassou & Kevin J. Lansing, Welfare, stabilization, or growth: a comparison of different fiscal objectives, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 9614, 1996.
Keywords: Fiscal policy
This item with handle RePEc:fip:fedcwp:9614
is also listed on EconPapers
For corrections, contact 4D Library ()