Disasters Everywhere: The Costs of Business Cycles Reconsidered
收藏NBER2020-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26962
下载链接
链接失效反馈官方服务：
资源简介：
Business cycles are costlier and stabilization policies could be more beneficial than widely thought. This paper introduces a new test to show that all business cycles are asymmetric and resemble mini-disasters. By this we mean that growth is pervasively fat-tailed and non-Gaussian. Using long-run
提供机构：
美国国家经济研究局
创建时间：
2020-04-01
