Appendices for "Revisiting the Welfare Effects of Eliminating Business Cycles"
Abstract
This paper offers several appendices for the article: the integration principle applied to the baseline model, the computational algorithm for the baseline model, calculating the welfare gain, algorithm for the model with short- and long-term unemployment, as well as additional result tables.Download Info
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Paper provided by Review of Economic Dynamics in its series Technical Appendices with number 08-211.Length: 17 pages
Date of creation: Dec 2008
Date of revision:
Handle: RePEc:red:append:08-211
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Related research
Keywords:Other versions of this item:
- Per Krusell & Toshihiko Mukoyama & Aysegul Sahin & Anthony A. Smith, Jr., 2009. "Revisiting the Welfare Effects of Eliminating Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 393-402, July.
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Per Krusell & Anthony A. Smith, Jr., .
"Income and Wealth Heterogeneity in the Macroeconomy,"
GSIA Working Papers
1997-37, Carnegie Mellon University, Tepper School of Business.
- Per Krusell & Anthony A. Smith & Jr., 1998. "Income and Wealth Heterogeneity in the Macroeconomy," Journal of Political Economy, University of Chicago Press, vol. 106(5), pages 867-896, October.
- Krusell, P & Smith Jr, A-A, 1995. "Income and Wealth Heterogeneity in the Macroeconomic," RCER Working Papers 399, University of Rochester - Center for Economic Research (RCER).
- Mukoyama, Toshihiko & Sahin, Aysegul, 2006.
"Costs of business cycles for unskilled workers,"
Journal of Monetary Economics,
Elsevier, vol. 53(8), pages 2179-2193, November.
- MUKOYAMA, Toshihiko & ŞAHIN, Ayşegül, 2005. "Costs of Business Cycles for Unskilled Workers," Cahiers de recherche 15-2005, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Toshihiko Mukoyama & Aysegul Sahin, 2005. "Costs of Business Cycles for Unskilled Workers," Working Papers 05002, Concordia University, Department of Economics.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Why all the fuss about business cycles?
by Economic Logician in Economic Logic on 2009-09-01 14:25:00
Cited by:
- Tom Krebs, 2004.
"Welfare Cost of Business Cycles When Markets Are Incomplete,"
Working Papers
2004-08, Brown University, Department of Economics.
- tom krebs, 2004. "welfare cost of business cycles when markets are incomplete," Econometric Society 2004 North American Summer Meetings 283, Econometric Society.
- Den Haan, Wouter & Sedlacek, Petr, 2009. "Inefficient employment decisions, entry costs, and the cost of fluctuations," CEPR Discussion Papers 7468, C.E.P.R. Discussion Papers.
- Jung, Philip & Kuester, Keith, 2011. "The (un)importance of unemployment fluctuations for the welfare cost of business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1744-1768, October.
- Mukoyama, Toshihiko, 2010. "Welfare effects of unanticipated policy changes with complete asset markets," Economics Letters, Elsevier, vol. 109(2), pages 134-138, November.
- Daniel R. Carroll & Eric R. Young, 2009.
"The long run effects of changes in tax progressivity,"
Working Paper
0913, Federal Reserve Bank of Cleveland.
- Carroll, Daniel R. & Young, Eric R., 2011. "The long run effects of changes in tax progressivity," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1451-1473, September.
- Per Krusell & Toshihiko Mukoyama & Aysegul Sahin, 2009.
"Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations,"
NBER Working Papers
15282, National Bureau of Economic Research, Inc.
- Per Krusell & Toshihiko Mukoyama & Ayseg ul Sahin, 2007. "Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations," Levine's Bibliography 122247000000001783, UCLA Department of Economics.
- Krusell, Per & Mukoyama, Toshihiko & Sahin, Aysegul, 2009. "Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations," CEPR Discussion Papers 7429, C.E.P.R. Discussion Papers.
- Alisdair McKay & Tamas Papp, 2011. "Accounting for Idiosyncratic Wage Risk Over the Business Cycle," Boston University - Department of Economics - Working Papers Series WP2011-028, Boston University - Department of Economics.
- Mukoyama, Toshihiko & Sahin, Aysegul, 2006.
"Costs of business cycles for unskilled workers,"
Journal of Monetary Economics,
Elsevier, vol. 53(8), pages 2179-2193, November.
- MUKOYAMA, Toshihiko & ŞAHIN, Ayşegül, 2005. "Costs of Business Cycles for Unskilled Workers," Cahiers de recherche 15-2005, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Toshihiko Mukoyama & Aysegul Sahin, 2005. "Costs of Business Cycles for Unskilled Workers," Working Papers 05002, Concordia University, Department of Economics.
- Janet L. Yellen & George A. Akerlof, 2006.
"Stabilization Policy: A Reconsideration,"
Economic Inquiry,
Western Economic Association International, vol. 44(1), pages 1-22, January.
- Janet L. Yellen, 2004. "Stabilization policy: a reconsideration," Speech, Federal Reserve Bank of San Francisco, issue Jul 1.
- Gadi Barlevy, 2005. "The cost of business cycles and the benefits of stabilization," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I, pages 32-49.
- Sparber, Chad, 2011. "Unemployment, Skills, and the Business Cycle Since 2000," Working Papers 2011-04, Department of Economics, Colgate University.
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