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 uncertainty stemming from business-cycle fluctuations and from economic-growth variation, when the two types of shocks associated with them (respectively, transitory and...