: should fiscal policy pre-announce tax reforms before their implementation from a welfare point of view? Domeij and Klein … (2005) show that pre-announcement of an optimal tax reform is costly in terms of welfare. We reexamine their claim by taking … productive government spending is likely to reduce the welfare costs of preannouncement. As a further contribution, we show that …

exchange rate movements, international price level differentials, output stimulation, and welfare effects. Since Mundell (1963 … entire absence of microfoundations results in the use of ad-hoc welfare criteria for the evaluation of alternative policy … microfoundations with the MF assumption of nominal rigidities. This approach allows for an explicit welfare analysis on the basis of …

effects of fiscal policy, the main focus lays on two potential policy targets: output stabilization and overall welfare. Our … if the majority of the firms follow this kind of pricing behavior. In terms of overall domestic welfare, we show that for … positive values of PTM, the combination of these two effects results in welfare losses of domestic households. Altogether …

open economy is more open to trade. First,welfare costs of sudden stops are decreasing in trade openness. The reasonis that … terms of welfare, whenthe small open economy is more open to trade, the welfare costs of suddenstops will be smaller. Second …, sudden stops may be welfare improving to thesmall open economy. This is because when the representative household isa net …

fully dynamic model class overlapping generations of Fehr (1999) enabling a decomposition of welfare effects into efficiency …

Although economists offer different variants for welfare measuring, none of this variants can disclose the fool … situation of economic wellbeing. That is why the main goal of this thesis is to analyze possibilities of economic welfare … historical economic schools, thoughts by A.C.Pigou – one of the welfare economics beginners, mathematic direction of economics …

contribution to human economy and welfare. The model was also used to simulate the potential effect of an incentive to reduce …. The growth of GRP per capita, on the other hand, remains much smaller than that of GRP. Regional welfare decreases … growth accompanied by lower levels of welfare, while opposite trends were found for scenarios of higher investment in human …