Macroeconomic environment and social welfare: a literature review on some relations and controversies

According to recent studies, shocks over aggregated variables imply in differentiated impacts over economic system, affecting more some agents and sectors than others according to their characteristics. Theoretically, the mechanisms that differentiate shocks effects over economic agents are the vari...

Full description

Saved in:
Bibliographic Details
Published in:Revista de economia contemporânea 2013-08, Vol.17 (2), p.324
Main Authors: Ricardo Agostini Martini, Jayme Junior, Frederico G, Ana Maria Hermeto Camilo de Oliveira
Format: Article
Language:Portuguese
Subjects:
Analysis
Business cycles
Economic policy
Economic theory
Literature reviews
Macroeconomics
Social change
Studies
Welfare
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:According to recent studies, shocks over aggregated variables imply in differentiated impacts over economic system, affecting more some agents and sectors than others according to their characteristics. Theoretically, the mechanisms that differentiate shocks effects over economic agents are the variations in relative prices of inputs and output, the variation of labor demand, the workers characteristics and the design of actual policy. Thus, the purpose of this article is, through a both theoretical and empirical literature review about the relationship of macroeconomic performance and social welfare, to find answers to three questions. First: which are the agents that most suffer the effects of economic recessions? Second: which are the agents that most benefit by economic growth? Third: which are the alternatives of policy related to macroeconomic managing of social welfare? [PUBLICATION ABSTRACT]
ISSN:1980-5527
DOI:10.1590/S1415-98482013000200006