Welfare, stabilization, or growth: a comparison of different fiscal objectives

Steven Cassou () and Kevin Lansing

No 9614, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

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 (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwp:9614

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