Honerkamp, Josef (contributor); Moog, Stefan (contributor); … - 2002
otherwisecompetitivegeneralequilibriumframework. Inparticularwethereby
ignore possible employment effects arising from fiscal policy changes such as
the tax reforms …, there will be win-
ners and losers of fiscal policy changes. Thus welfare judgements based on the
Pareto criterion are …). If the government
acts as a benevolent social planner it should opt for the fiscal policy which
maximizes social welfare …