This paper analyzes the dynamic interactions between the precision of information, technological development, and … welfare within an overlapping generations model. More precise information about idiosyncratic production shocks has ambiguous … effects on technological progress and welfare, which depend critically on the risk sharing capacity of the economy's financial …

matches the second moments of key variables well. Welfare analysis suggests that dollarization is preferable to alternative … regimes because it removes currency premium volatility. However, a currency board can match dollarization on welfare grounds …

paper introduces the concept of the dynastic general equilibrium value of life to measure welfare gains from the increase in … life expectancy. A calibration study finds sizable welfare gains, but these gains hardly mitigate the large inequality …

This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an … array of broader grouping among Southern African Development Community (SADC) countries. Model simulations suggest that (i …

In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating … index in markets with financial frictions. We find that, in the presence of financial frictions, a welfare …

This paper reviews evidence on the impact of fuel subsidy reform on household welfare in developing countries. On …

This paper develops a framework for the quantitative analysis of individual income dynamics, mobility and welfare … consumption-saving model with labor income risk and incomplete markets to relate income dynamics to consumption and welfare, and … derive analytical expressions for income mobility and welfare as a function of the various parameters of the underlying …

the adverse welfare impact on households, in particular poor households. This paper evaluates the fiscal and welfare …

-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …-run (noncyclical) unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases …, but the welfare of unemployed households decreases even with moderate degree of risk aversion. …

different issue: the relationship between inflation and welfare. The literature is surveyed and a model is developed. A key … conclusion is that an increase in inflation targets gives rise to additional welfare costs, even after the extra room to maneuver … additional welfare costs of raising inflation targets from 2 to 4 percent are estimated at about 0.3 percent of annual real …