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A macroeconomia do bem-estar social : relações e controvérsias


  • Ricardo Agostini Martini


  • Frederico G. Jayme Júnior


  • Ana Maria Hermeto C. de Oliveira



According to recent studies, shocks on aggregated variables are associated with unequal impacts on the economic system, affecting more some agents and sectors than others according, depending on their characteristics. Theoretically, the mechanisms that differentiate shocks’ effects on economic agents are the variations in relative prices of inputs and output, the variation of labor demand, the workers characteristics and the design of economic policies. The purpose of this article is, through a both theoretical and empirical literature review of the relationship between 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 benefit the most from economic growth? Third, which are the policy alternatives related to macroeconomic management of social welfare?

Suggested Citation

  • Ricardo Agostini Martini & Frederico G. Jayme Júnior & Ana Maria Hermeto C. de Oliveira, 2011. "A macroeconomia do bem-estar social : relações e controvérsias," Textos para Discussão Cedeplar-UFMG td437, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td437

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    welfare; macroeconomic policy; business cycles; social development.;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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