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VALUTAZIONE DEGLI EFFETTI DI POLITICHE FISCALI IN PRESENZA DI RAZIONAMENTO

Carlo Perroni
Giornale degli Economisti e Annali di Economia
Nuova Serie, Anno 46, No. 3/4 (Marzo-Aprile 1987), pp. 185-204
Published by: EGEA SpA
Stable URL: http://www.jstor.org/stable/23246189
Page Count: 20
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VALUTAZIONE DEGLI EFFETTI DI POLITICHE FISCALI IN PRESENZA DI RAZIONAMENTO
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Abstract

This paper focuses on the evaluation of the effects of fiscal policies in a disaggregated disequilibrium framework, with price rigidities; for this purpose a proportional rationing mechanism is assumed, based on the presence of transaction costs. The main result emerging from our analysis is that the change in the level of employment of factors is not a good indicator of the efficiency effects of fiscal policies when compared with a welfare-based index, since the distorsions caused by taxes can more than offset the gain from an increase in the use of resources.

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