Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30326 
Year of Publication: 
2010
Series/Report no.: 
Economics Discussion Papers No. 2010-14
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
This paper surveys the link between imperfect competition and the effects of fiscal policy on output, employment and welfare. We examine static and dynamic models, with and without entry under a variety of assumptions using a common analytical framework. We find that in general there is a robust relationship between the fiscal multiplier and welfare, the tantalizing 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.
Subjects: 
Fiscal policy
imperfect competition
JEL: 
E62
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Working Paper

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