Costa, Luís F.; Dixon, Huw - ISEG - School of Economics and Management, Department … - 2009
This paper surveys the link between imperfect competition and the e¤ects of fiscal policy on output, employment and … possibility of Pareto improving fiscal policy is much more elusive. In general, the mechanisms are supply side, and so welfare … improving policy, whilst possible, is not a general result. Key words: Fiscal Policy; Imperfect Competition. …