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Recursive utility, endogenous growth, and the welfare cost of volatility
Epaulard, Anne; Pommeret, Aude - In: Review of economic dynamics 6 (2003) 3, pp. 672-684
Persistent link: https://www.econbiz.de/10001777514
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Recursive utility, endogenous growth, and the welfare cost of volatility
Epaulard, Anne; Pommeret, Aude - 2001
Persistent link: https://www.econbiz.de/10001568768
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Recursive Utility, Endogenous Growth, and the Welfare Cost of Volatility
Epaulard, Anne; Pommeret, Aude - 2021
This paper proposes a measure of the welfare cost of volatility derived from an endogenous growth model (AK) under …. The total welfare cost of volatility increases with both the risk aversion and the intertemporal elasticity of … substitution. For plausible values of the agent`s preference parameters, the cost of volatility may be greater than measures based …
Persistent link: https://www.econbiz.de/10013317977
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Growth, volatility and learning
Blackburn, Keith (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001726220
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On the relationship between growth and volatility
Blackburn, Keith; Pelloni, Alessandra - In: Economics letters 83 (2004) 1, pp. 123-127
Persistent link: https://www.econbiz.de/10001968297
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Growth, volatility and learning
Blackburn, Keith; Galindev, Ragchaasuren - In: Economics letters 79 (2003) 3, pp. 417-421
Persistent link: https://www.econbiz.de/10001755302
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Knightian uncertainty and poverty trap in a model of economic growth
Fukuda, Shin'ichi - In: Review of economic dynamics 11 (2008) 3, pp. 652-663
Persistent link: https://www.econbiz.de/10003744602
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On Ramsey's conjecture : efficient allocations in the neoclassical growth model with private information
Espino, Emilio - 2004
In his seminal paper of 1928, Ramsey conjectured that if agents discounted the future differently, in the long run all agents except the most patient would live at the subsistence level. The validity of this conjecture was investigated in different environments. In particular, it has been...
Persistent link: https://www.econbiz.de/10009728985
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On Ramseyś conjecture : efficient allocations in the neoclassical growth model with private information
Espino, Emilio - In: Journal of economic theory 121 (2005) 2, pp. 192-213
Persistent link: https://www.econbiz.de/10002824765
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On Ramsey's conjecture : efficient allocations in the neoclassical growth model with private information
Espino, Emilio - 2004
Persistent link: https://www.econbiz.de/10002068653