Welfare effects of unanticipated policy changes with complete asset markets
This paper analyzes the welfare effects of unanticipated policy changes in a model with complete asset markets and heterogeneous agents. There are two effects: an effect of the change in wealth and a direct effect from the price change.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please 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.:
- Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2007.
"Insurance and Opportunities: A Welfare Analysis of Labor Market Risk,"
NBER Working Papers
13673, National Bureau of Economic Research, Inc.
- Heathcote, Jonathan & Storesletten, Kjetil & Violante, Giovanni L., 2008. "Insurance and opportunities: A welfare analysis of labor market risk," Journal of Monetary Economics, Elsevier, vol. 55(3), pages 501-525, April.
- Chatterjee, Satyajit, 1994. "Transitional dynamics and the distribution of wealth in a neoclassical growth model," Journal of Public Economics, Elsevier, vol. 54(1), pages 97-119, May.
- Toshihiko Mukoyama, 2010.
"Understanding the Welfare Effects of Unemployment Insurance Policy in General Equilibrium,"
2010 Meeting Papers
286, Society for Economic Dynamics.
- Mukoyama, Toshihiko, 2013. "Understanding the welfare effects of unemployment insurance policy in general equilibrium," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 347-368.
- Young, Eric R., 2004.
"Unemployment insurance and capital accumulation,"
Journal of Monetary Economics,
Elsevier, vol. 51(8), pages 1683-1710, November.
- Eric Young, 2003. "Code for "Unemployment Insurance and Capital Accumulation"," QM&RBC Codes 148, Quantitative Macroeconomics & Real Business Cycles.
- Matthias Doepke & Martin Schneider, 2006. "Inflation and the Redistribution of Nominal Wealth," Journal of Political Economy, University of Chicago Press, vol. 114(6), pages 1069-1097, December.
- Caselli, F. & Ventura, J., 1996.
"A Representative Consumer Theory of Distribution,"
96-11, Massachusetts Institute of Technology (MIT), Department of Economics.
- Per Krusell & Toshihiko Mukoyama & Aysegul Sahin & Anthony A. Smith, Jr., 2008.
"Appendices for "Revisiting the Welfare Effects of Eliminating Business Cycles","
08-211, Review of Economic Dynamics.
- 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.
- David Domeij & Jonathan Heathcote, 2004. "On The Distributional Effects Of Reducing Capital Taxes," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(2), pages 523-554, 05.
When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:109:y:2010:i:2:p:134-138. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.