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Appendices for "Revisiting the Welfare Effects of Eliminating Business Cycles"

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Author Info

  • Per Krusell

    (Princeton University)

  • Toshihiko Mukoyama

    (University of Virginia)

  • Aysegul Sahin

    (Federal Reserve Bank of New York)

  • Anthony A. Smith, Jr.

    (Yale University)

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.

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File URL: http://www.EconomicDynamics.org/appendix/08/08-211/kmssappx.pdf
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Bibliographic Info

Paper provided by Review of Economic Dynamics in its series Technical Appendices with number 08-211.

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Length: 17 pages
Date of creation: Dec 2008
Date of revision:
Handle: RePEc:red:append:08-211

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Web page: http://www.EconomicDynamics.org/review.htm
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References

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  1. Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, vol. 93(1), pages 1-14, March.
  2. 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.
  3. Andrew Atkeson & Christopher Phelan, 1994. "Reconsidering the Costs of Business Cycles with Incomplete Markets," NBER Working Papers 4719, National Bureau of Economic Research, Inc.
  4. Wolff, Edward N, 1994. "Trends in Household Wealth in the United States, 1962-83 and 1983-89," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 40(2), pages 143-74, June.
  5. Tom Krebs, 2007. "Job Displacement Risk and the Cost of Business Cycles," American Economic Review, American Economic Association, vol. 97(3), pages 664-686, June.
  6. Per Krusell & Anthony A. Smith, Jr., 1999. "On the Welfare Effects of Eliminating Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 245-272, January.
  7. Sam Schulhofer-Wohl, 2008. "Heterogeneous Risk Preferences and the Welfare Cost of Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(4), pages 761-780, October.
  8. Tom Krebs, 2003. "Growth and Welfare Effects of Business Cycles in Economies with Idiosyncratic Human Capital Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 846-868, October.
  9. 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.
  10. Tom Krebs, 2006. "Multi-Dimensional Risk and the Cost of Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(4), pages 640-658, October.
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  1. Why all the fuss about business cycles?
    by Economic Logician in Economic Logic on 2009-09-01 14:25:00
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