Simple Macroeconomic Policies and Welfare: A Quantitative Assessment

Alexandre Cunha and Eurilton Araújo
Authors registered in the RePEc Author Service: Alexandre Mendes Cunha and Alexandre Barros da Cunha

Revista Brasileira de Economia - RBE, 2014, vol. 68, issue 3

Abstract: This paper investigates the welfare implications of macroeconomic policies that eliminate output volatility. We conclude that such policies can lead to welfare losses, even when compared with a simple macroeconomic policy that prescribes constant rates for taxes and money supply growth. We quantify the losses in terms of percent points of consumption levels. We find that they are, as often found in the related literature, small.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://periodicos.fgv.br/rbe/article/view/16912 (text/html)

Related works:
Working Paper: Simple Macroeconomic Policies and Welfare: a quantitative assessment (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgrbe:v:68:y:2014:i:3:a:16912

Access Statistics for this article

Revista Brasileira de Economia - RBE is currently edited by Ricardo Cavalcanti

More articles in Revista Brasileira de Economia - RBE from EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) Contact information at EDIRC.
Bibliographic data for series maintained by Núcleo de Computação da FGV EPGE ().