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The Welfare Costs of Business Cycles Unveiled : Measuring the Extent of Stabilization Policies
Barros, Fernando; Gomes, Fabio Augusto Reis; Doherty … - 2022
How can we measure the welfare benefit of ongoing stabilization policies? We develop a methodology to calculate the … welfare cost of business cycles taking into account that observed consumption is partially smoothed. We propose a … decomposition that disentangles consumption in a mix of laissez-faire (absent policies) and riskless components. With a novel …
Persistent link: https://www.econbiz.de/10013291884
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Hysteresis and the welfare costs of recessions
Tervala, Juha - In: Economic modelling 95 (2021), pp. 136-144
Persistent link: https://www.econbiz.de/10012695885
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Measuring the ex-ante social cost of aggregate volatility
Kurz, Mordecai (contributor) - 2005
Persistent link: https://www.econbiz.de/10003755472
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Unemployment fluctuations and stabilization policies : a New Keynesian perspective
Galí, Jordi - 2011
Persistent link: https://www.econbiz.de/10009316563
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Unemployment Fluctuations and Stabilization Policies : A New Keynesian Perspective
Galí, Jordi - 2011
cover -- Contents -- Series Foreword -- Preface -- Introduction -- A Simple Model of Unemployment and Inflation Dynamics -- Unemployment, the Output Gap, and the Welfare Costs of Economic Fluctuations -- Unemployment and Monetary Policy Design in the New Keynesian Model -- Concluding Remarks and...
Persistent link: https://www.econbiz.de/10012687623
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Reconsidering the costs of business cycles with incomplete markets
Atkeson, Andrew - 1994
Persistent link: https://www.econbiz.de/10000889014
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The implications of changes in hours fluctuations on welfare costs of business cycles
Shim, Myungkyu; Yang, Hee-Seung - In: Economics letters 128 (2015), pp. 75-78
Persistent link: https://www.econbiz.de/10011383020
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Growth effects and the cost of business cycles
Barlevy, Gadi - In: Economic policy in the international economy : essays …, (pp. 233-258). 2003
Persistent link: https://www.econbiz.de/10002011483
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Risk preferences and the welfare cost of business cycles
Dolmas, Jim - In: Review of economic dynamics 1 (1998) 3, pp. 646-676
Persistent link: https://www.econbiz.de/10001245249
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Reconsidering the Costs of Business Cycles with Incomplete Markets
Atkeson, Andrew - 2011
In this paper, we measure the potential welfare gains from counter-cyclical policy in an economy with incomplete markets. In the course of conducting this measurement, we focus on two questions as central to the determination of those potential gains: (1) what is the likely effect of...
Persistent link: https://www.econbiz.de/10013124598