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Risk Preferences and the Welfare Cost of Business Cycles
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Cited by:
- Lars Peter Hansen & Thomas J Sargent, 2014.
"Doubts or Variability?,"
World Scientific Book Chapters, in: UNCERTAINTY WITHIN ECONOMIC MODELS, chapter 7, pages 217-256,
World Scientific Publishing Co. Pte. Ltd..
- Barillas, Francisco & Hansen, Lars Peter & Sargent, Thomas J., 2009. "Doubts or variability?," Journal of Economic Theory, Elsevier, vol. 144(6), pages 2388-2418, November.
- David K. Backus & Bryan R. Routledge & Stanley E. Zin, 2005.
"Exotic Preferences for Macroeconomists,"
NBER Chapters, in: NBER Macroeconomics Annual 2004, Volume 19, pages 319-414,
National Bureau of Economic Research, Inc.
- David Backus & Bryan Routledge & Stanley Zin, 2004. "Exotic Preferences for Macroeconomists," NBER Working Papers 10597, National Bureau of Economic Research, Inc.
- David Backus & Bryan Routledge & Stanley Zin, 2004. "Exotic Preferences for Macroeconomists," Working Papers 04-20, New York University, Leonard N. Stern School of Business, Department of Economics.
- Stephane Pallage & Michel A. Robe, 2002.
"The States vs. the states: On the Welfare Cost of Business Cycles in the U.S,"
Cahiers de recherche du Département des sciences économiques, UQAM
20-17, Université du Québec à Montréal, Département des sciences économiques, revised Oct 2002.
- Michel A. Robe & Stephane Pallage, 2004. "The States vs. the states: On the Welfare Cost of Business Cycles in the U.S," Econometric Society 2004 North American Winter Meetings 164, Econometric Society.
- Michel A. Robe & Stephane Pallage, 2003. "The States vs. the states: On the Welfare Cost of Business Cycles in the U.S," Computing in Economics and Finance 2003 43, Society for Computational Economics.
- Richard E. Ericson & Xuan Liu, 2012. "Welfare effect of interest rate shocks and policy implications," Applied Financial Economics, Taylor & Francis Journals, vol. 22(22), pages 1899-1917, November.
- Fernando Alvarez & Urban J. Jermann, 2004.
"Using Asset Prices to Measure the Cost of Business Cycles,"
Journal of Political Economy, University of Chicago Press, vol. 112(6), pages 1223-1256, December.
- Alvarez, Fernando & Jermann, Urban J., 2000. "Using Asset Prices to Measure the Cost of Business Cycles," Working Papers 00-1, University of Pennsylvania, Wharton School, Weiss Center.
- Fernando Alvarez & Urban J. Jermann, 2000. "Using Asset Prices to Measure the Cost of Business Cycles," NBER Working Papers 7978, National Bureau of Economic Research, Inc.
- Alvarez, F. & Jermann, U.J., 2000. "Using Asset Prices to Measure the Cost of Business Cycles," Weiss Center Working Papers 00-1, Wharton School - Weiss Center for International Financial Research.
- Heiberger, Christopher & Maußner, Alfred, 2020. "Perturbation solution and welfare costs of business cycles in DSGE models," Journal of Economic Dynamics and Control, Elsevier, vol. 113(C).
- Gadi Barlevy, 2004. "The Cost of Business Cycles and the Benefits of Stabilization: A Survey," NBER Working Papers 10926, National Bureau of Economic Research, Inc.
- Otrok, Christopher, 2001.
"On measuring the welfare cost of business cycles,"
Journal of Monetary Economics, Elsevier, vol. 47(1), pages 61-92, February.
- Chris Otrok, 1999. "On Measuring the Welfare Cost of Business Cycles," Virginia Economics Online Papers 318, University of Virginia, Department of Economics.
- Christopher Otrok, 2000. "On Measuring the Welfare Cost of Business Cycles," Econometric Society World Congress 2000 Contributed Papers 1094, Econometric Society.
- repec:pri:wwseco:dp233 is not listed on IDEAS
- Ricardo Reis, 2009.
"The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuations,"
Journal of the European Economic Association, MIT Press, vol. 7(4), pages 722-753, June.
- Ricardo Reis, 2005. "The time-series properties of aggregate consumption: implications for the costs of fluctuations," Working Papers 134, Princeton University, School of Public and International Affairs, Discussion Papers in Economics.
- Reis, Ricardo, 2005. "The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuations," CEPR Discussion Papers 5054, C.E.P.R. Discussion Papers.
- Ricardo Reis, 2005. "The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuation," NBER Working Papers 11297, National Bureau of Economic Research, Inc.
- Keith Blackburn & Alessandra Pelloni, 2005.
"Growth, cycles, and stabilization policy,"
Oxford Economic Papers, Oxford University Press, vol. 57(2), pages 262-282, April.
- K Blackburn & A Pelloni, 2002. "Growth, Cycles and Stabilisation Policy," Economics Discussion Paper Series 0216, Economics, The University of Manchester.
- K Blackburn & A Pelloni, 2002. "Growth, Cycles and Stabilisation Policy," Centre for Growth and Business Cycle Research Discussion Paper Series 12, Economics, The University of Manchester.
- Ossama Mikhail & J. Walter Milon & Richard Hofler, 2005. "Is Investment in Environmental Quality a Solution to Recessions? Studying the Welfare Effects of Green Animal Spirits," Others 0510010, University Library of Munich, Germany.
- Houssa, Romain, 2013.
"Uncertainty about welfare effects of consumption fluctuations,"
European Economic Review, Elsevier, vol. 59(C), pages 35-62.
- Romain Houssa, 2011. "Uncertainty about Welfare Effects of Consumption Fluctuations," Working Papers 1101, University of Namur, Department of Economics.
- Okubo, Masakatsu, 2023. "Model uncertainty, economic development, and welfare costs of business cycles," Journal of Macroeconomics, Elsevier, vol. 76(C).
- Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, vol. 93(1), pages 1-14, March.
- Jang-Ok Cho & Thomas Cooley & Hyung Seok Kim, 2015.
"Business Cycle Uncertainty and Economic Welfare,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(2), pages 185-200, April.
- Jang-Ok Cho & Thomas Cooley & Hyung Seok Kim, 2014. "Code files for "Business Cycle Uncertainty and Economic Welfare"," Computer Codes 11-17, Review of Economic Dynamics.
- D'Orlando, Fabio & Ferrante, Francesco, 2015. "The benefits of stabilization policies revisited," MPRA Paper 67321, University Library of Munich, Germany.
- Mordecai Kurz, 2005. "Measuring the Ex-Ante Social Cost of Aggregate Volatility," Discussion Papers 04-006, Stanford Institute for Economic Policy Research.
- Flint O'Neil, 2020. "Existence and Uniqueness of Recursive Utility Models in $L_p$," Papers 2005.07067, arXiv.org.
- Satyajit Chatterjee & Dean Corbae, 2000.
"On the welfare gains of reducing the likelihood of economic crises,"
Working Papers (Old Series)
0015, Federal Reserve Bank of Cleveland.
- Satyajit Chatterjee & Dean Corbae, 2000. "On the welfare gains of reducing the likelihood of economic crises," Working Papers 00-14, Federal Reserve Bank of Philadelphia.
- Dionne, Georges & Li, Jingyuan, 2014.
"When can expected utility handle first-order risk aversion?,"
Journal of Economic Theory, Elsevier, vol. 154(C), pages 403-422.
- Dionne, Georges & Li, Jingyuan, 2014. "When can expected utility handle first-order risk aversion?," Working Papers 11-1, HEC Montreal, Canada Research Chair in Risk Management.
- Francis W. Ahking, 2019. "The Welfare Cost of Business Cycles at the States’ Levels," Working papers 2019-03, University of Connecticut, Department of Economics.
- Alvarez, Fernando & Jermann, Urban J., 2001.
"The Size of the Permanent Component of Asset Pricing Kernels,"
Working Papers
01-4, University of Pennsylvania, Wharton School, Weiss Center.
- Fernando Alvarez & Urban J. Jermann, 2001. "The Size of the Permanent Component of Asset Pricing Kernels," NBER Working Papers 8360, National Bureau of Economic Research, Inc.
- Christopher Heiberger & Alfred Maussner, 2018. "Business Cycle Uncertainty and Economic Welfare Revisited," Discussion Paper Series 335, Universitaet Augsburg, Institute for Economics.
- Stephane Pallage & Michel Robe, 2000.
"Magnitude X on the Richter Scale: Welfare Cost of Business Cycles in Developing Countries,"
Cahiers de recherche CREFE / CREFE Working Papers
124, CREFE, Université du Québec à Montréal.
- Stephane Pallage and Michel A. Robe, 2001. "Magnitude X on the Richter Scale: Welfare Cost of Business Cycles in Developing Countries," Computing in Economics and Finance 2001 97, Society for Computational Economics.
- Kyle Chauvin & David Laibson & Johanna Mollerstrom, 2011.
"Asset Bubbles and the Cost of Economic Fluctuations,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 233-260, August.
- Kyle Chauvin & David Laibson & Johanna Mollerstrom, 2011. "Asset Bubbles and the Cost of Economic Fluctuations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(s1), pages 233-260, August.
- Mollerstrom, Johanna Britta & Laibson, David I. & Chauvin, Kyle, 2011. "Asset Bubbles and the Cost of Economic Fluctuations," Scholarly Articles 9938146, Harvard University Department of Economics.
- Franz Hamann, 2002.
"Sovereign Risk and Macroeconomic Fluctuations,"
Borradores de Economia
225, Banco de la Republica de Colombia.
- Franz Hamann, 2002. "Sovereign Risk and Macroeconomic Fluctuations," Borradores de Economia 3520, Banco de la Republica.
- Guillén, Osmani Teixeira de Carvalho & Issler, João Victor & Franco-Neto, Afonso Arinos de Mello, 2014.
"On the welfare costs of business-cycle fluctuations and economic-growth variation in the 20th century and beyond,"
Journal of Economic Dynamics and Control, Elsevier, vol. 39(C), pages 62-78.
- Guillen, Osmani Teixeira Carvalho & Issler, João Victor & Franco Neto, Afonso Arinos de Mello, 2013. "On the welfare costs of business-cycle fluctuations and economic-growth variation in the 20th century and beyond," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 748, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Issler, Joao Victor & de Mello Franco-Neto, Afonso Arinos & de Carvalho Guillen, Osmani Teixeira, 2008.
"The welfare cost of macroeconomic uncertainty in the post-war period,"
Economics Letters, Elsevier, vol. 98(2), pages 167-175, February.
- Franco Neto, Afonso Arinos de Mello & Issler, João Victor & Guillen, Osmani Teixeira Carvalho, 2005. "The welfare cost of macroeconomic uncertainty in the post-war period," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 605, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Franco Neto, Afonso Arinos de Mello & Issler, João Victor & Guillen, Osmani Teixeira Carvalho, 2006. "The welfare cost of macroeconomic uncertainty in the post-war period," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 624, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- João Victor Issler & Afonso Arinos de Mello Franco & Osmani Teixeira de Carvalho Guillén, 2006. "The Welfare Cost of Macroeconomic Uncertainty in the Post-War Period," IBMEC RJ Economics Discussion Papers 2006-02, Economics Research Group, IBMEC Business School - Rio de Janeiro.
- Sergey Slobodyan, 2002. "Welfare Implications of Sunspot Fluctuations," CERGE-EI Working Papers wp204, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Croce, Mariano M., 2021. "Growth risks, asset prices, and welfare," Economics Letters, Elsevier, vol. 202(C).
- Satyajit Chatterjee & Dean Corbae, 2003. "On the welfare gains of eliminating a small likelihood of economic crises: A case for stabilization policies?," Working Papers 03-20, Federal Reserve Bank of Philadelphia.
- Stratford Douglas & Howard J. Wall, 2000. "The revealed cost of unemployment," Review, Federal Reserve Bank of St. Louis, vol. 82(Mar), pages 1-10.
- Gadi Barlevy, 2004.
"The Cost of Business Cycles Under Endogenous Growth,"
American Economic Review, American Economic Association, vol. 94(4), pages 964-990, September.
- Gadi Barlevy, 2003. "The cost of business cycles under endogenous growth," Working Paper Series WP-03-13, Federal Reserve Bank of Chicago.
- Gadi Barlevy, 2003. "The Cost of Business Cycles Under Endogenous Growth," NBER Working Papers 9970, National Bureau of Economic Research, Inc.
- 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.
- Per Krusell & Anthony A. Smith, Jr., "undated". "On the Welfare Effects of Eliminating Business Cycles," GSIA Working Papers 243, Carnegie Mellon University, Tepper School of Business.
- Ni, Shawn & Raymon, Neil, 2004. "Price uncertainty and consumer welfare in an intertemporal setting," Journal of Economic Dynamics and Control, Elsevier, vol. 28(9), pages 1877-1901, July.
- Issler, João Victor & Rodrigues, Claudia & Burjack, Rafael, 2014.
"Using common features to understand the behavior of metal-commodity prices and forecast them at different horizons,"
Journal of International Money and Finance, Elsevier, vol. 42(C), pages 310-335.
- Issler, João Victor & Rodrigues, Claudia Ferreira & Burjack, Rafael, 2013. "Using common features to understand the behavior of metal-commodity prices and forecast them at different horizons," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 735, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Issler, João Victor & Rodrigues, Claudia Ferreira & Burjack, Rafael, 2013. "Using common features to understand the behavior of metal-commodity prices and forecast them at different horizons," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 744, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Guillen, Osmani Teixeira Carvalho & Issler, João Victor & Franco Neto, Afonso Arinos de Mello, 2012.
"On the welfare costs of business-cycle fluctuations and economic-growth variation in the 20th century,"
FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE)
734, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Osmani Teixeira de Carvalho Guillény & João Victor Issler & Afonso Arinos de Mello Franco-Neto, 2012. "On the Welfare Costs of Business-Cycle Fluctuations and Economic-Growth Variation in the 20th Century," Working Papers Series 284, Central Bank of Brazil, Research Department.
- Guillen, Osmani Teixeira Carvalho & Issler, João Victor & Franco Neto, Afonso Arinos de Mello, 2012. "On the welfare costs of business-cycle fluctuations and economic-growth variation in the 20th century," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 729, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Mallick Debdulal, 2019. "The growth-volatility relationship redux: what does volatility decomposition tell?," The B.E. Journal of Macroeconomics, De Gruyter, vol. 19(2), pages 1-20, June.
- Liu, Xuan, 2007. "Trade Openness and the Cost of Sudden Stops: The Role of Financial Friction," MPRA Paper 18260, University Library of Munich, Germany, revised 26 Oct 2009.
- Ensar Yılmaz, 2014. "Welfare Costs of Business Cycles in Turkey," Metroeconomica, Wiley Blackwell, vol. 65(2), pages 195-211, May.
- Burkhard Heer, 2001. "On the welfare gain from stabilizing cyclical fluctuations," Applied Economics Letters, Taylor & Francis Journals, vol. 8(5), pages 331-334.
- Stéphane Pallage & Michel A. Robe & Catherine Bérubé, 2006.
"The Potential of Foreign Aid as Insurance,"
IMF Staff Papers, Palgrave Macmillan, vol. 53(3), pages 1-5.
- Stéphane Pallage & Michel A. Robe & Catherine Bérubé, 2004. "On the Potential of Foreign Aid as Insurance," Cahiers de recherche 0404, CIRPEE.
- Hannsgen, Greg, 2008. "The welfare economics of macroeconomics and chooser-dependent, non-expected utility preferences: A Senian critique with an application to the costs of the business cycle," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(5), pages 1980-1993, October.
- Tervala, Juha, 2021.
"Hysteresis and the welfare costs of recessions,"
Economic Modelling, Elsevier, vol. 95(C), pages 136-144.
- Tervala, Juha, 2020. "Hysteresis and the Welfare Costs of Business Cycles," MPRA Paper 99758, University Library of Munich, Germany.
- Anne Epaulard & Aude Pommeret, 2003.
"Recursive Utility, Endogenous Growth, and the Welfare Cost of Volatility,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(3), pages 672-684, July.
- Ms. Aude Pommeret & Ms. Anne Epaulard, 2001. "Recursive Utility, Endogenous Growth, and the Welfare Cost of Volatility," IMF Working Papers 2001/005, International Monetary Fund.
- Leandro Nascimento & Fabio Gomes, 2004. "Welfare Costs of Business Cycles in South America," Econometric Society 2004 Latin American Meetings 158, Econometric Society.
- Aurland-Bredesen, Kine Josefine, 2021. "The welfare costs of uncertainty: Cross-country evidence," World Development, Elsevier, vol. 146(C).
- Márcio Antônio Salvato & João Victor Issler & Angelo Mont'alverne Duarte, 2005. "Are Business Cycles All Alike In Europe?," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] 031, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
- Evans, Lynne & Kenc, Turalay, 2004. "FOREX risk premia and policy uncertainty: a recursive utility analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 14(1), pages 1-24, February.
- Evans, Lynne & Kenc, Turalay, 2003. "Welfare Cost Of Monetary And Fiscal Policy Shocks," Macroeconomic Dynamics, Cambridge University Press, vol. 7(2), pages 212-238, April.
- Fernando Barros Jr & Francisco L Lima Filho & Diego M Silva, 2017. "The Welfare Cost of Business Cycles for Heterogeneous Consumers: A State-Space Decomposition," Economics Bulletin, AccessEcon, vol. 37(3), pages 1928-1941.
- Yongo Kwon, 2019. "Nominal GDP growth indexed bonds: Business Cycle and Welfare Effects within the Framework of New Keynesian DSGE model," National Institute of Economic and Social Research (NIESR) Discussion Papers 504, National Institute of Economic and Social Research.
- Alonso, Irasema & Prado, Mauricio, 2015. "Ambiguity aversion, asset prices, and the welfare costs of aggregate fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 51(C), pages 78-92.
- Fernando Alvarez & Urban J. Jermann, 2005. "Using Asset Prices to Measure the Persistence of the Marginal Utility of Wealth," Econometrica, Econometric Society, vol. 73(6), pages 1977-2016, November.
- Kenc, Turalay, 2004. "Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1511-1539, June.
- Brevik, Frode & d'Addona, Stefano, 2013. "Is Ignorance Bliss? The Cost Of Business-Cycle Uncertainty," Macroeconomic Dynamics, Cambridge University Press, vol. 17(4), pages 728-746, June.
- Fábio Augusto Reis Gomes & Leandro Gonçalves do Nascimento, 2004. "A Welfare Analysis Of Economic Fluctuations In South America," Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting] 045, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
- Gadi Barlevy, 2005. "The cost of business cycles and the benefits of stabilization," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 29(Q I), pages 32-49.
- Issler, João Victor & Guillen, Osmani Teixeira Carvalho, 2003. "On the welfare costs of business cycles in the 20th century," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 481, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Evans, Lynne & Kenc, Turalay, 2001. "Growth and Welfare Effects of Monetary Volatility," Manchester School, University of Manchester, vol. 69(5), pages 509-533, Special I.
- Mallick, Debdulal, 2017. "The Growth-Volatility Relationship: What Does Volatility Decomposition Tell?," MPRA Paper 79397, University Library of Munich, Germany.
- Lance Kent & Toan Phan, 2019. "Time-Varying Skewness and Real Business Cycles," Economic Quarterly, Federal Reserve Bank of Richmond, issue 2Q, pages 59-103.