Economics, Econometrics and Finance
4 years ago

Fiscal policy can boost economy and create full employment, study finds

RePEc: Research Papers in Economics
Imperfect Competition in an Overlapping Generations Model: a Case for Fiscal Policy
Louis‐André Gérard‐Varet

Paper Summary

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Imperfect competition can impact the economy differently than perfect competition. In a model with firms acting as Cournot oligopolists, fiscal policy can improve market outcomes by redistributing wealth and affecting firms' power. This can lead to better economic stability and higher employment levels.