The welfare cost of macroeconomic uncertainty in the post-war period
| Data(s) |
13/05/2008
13/05/2008
01/09/2006
|
|---|---|
| Resumo |
With standard assumptions on preferences and a fully-fledged econometric model we computed the welfare costs of macroeconomic uncertainty for post-war U.S. using the BeveridgeNelson decomposition. Welfare costs are about 0.9% per-capita consumption ($175.00) and marginal welfare costs are about twice as large. |
| Identificador |
01048910 |
| Idioma(s) |
en_US |
| Publicador |
Escola de Pós-Graduação em Economia da FGV |
| Relação |
Ensaios Econômicos;624 |
| Palavras-Chave | #Welfare costs of business cycles #Beveridge-Nelson decomposition #Economia #Ciclos econômicos #Incerteza #Modelos econometricos |
| Tipo |
Working Paper |
