Guillén, Osmani Teixeira de Carvalho; Issler, João Victor - In: Journal of Economic Dynamics and Control 39 (2014) C, pp. 62-78
The main objective of this paper is to propose a novel setup that allows estimating separately the welfare costs of the … with them (respectively, transitory and permanent shocks) hit consumption simultaneously. Separating these welfare costs … original marginal distributions are not affected, providing the means for calculating separately the welfare costs of business …