The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk
收藏NBER2000-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8040
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资源简介：
This paper investigates the welfare costs of business cycles in a heterogeneous agent, overlapping generations economy which is distinguished by idiosyncratic labor market risk. Aggregate variation arises both in terms of aggregate productivity shocks and countercyclical variation in the volatility
提供机构：
美国国家经济研究局
创建时间：
2000-12-01
