On the Distribution of the Welfare Losses of Large Recessions
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How big are the welfare losses from severe economic downturns, such as the U.S. Great Recession? How are those losses distributed across the population? In this paper we answer these questions using a canonical business cycle model featuring household income and wealth heterogeneity that matches
严重经济衰退（如美国大衰退）造成的福利损失规模有多大？这些损失在人群中如何分布？本文使用一个具有家庭收入与财富异质性的经典商业周期模型来回答这些问题，该模型与
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美国国家经济研究局创建时间：
2016-08-01
