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.

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Year of publication:	1996
Authors:	Cassou, Steven P. ; Lansing, Kevin J.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Fiscal policy

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 9614
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005428220