The Cost of Business Cycles Under Endogenous Growth
收藏NBER2003-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9970
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In his famous monograph, Lucas (1987) put forth an argument that the welfare gains from reducing the volatility of aggregate consumption are negligible. Subsequent work that revisited Lucas' calculation continued to find only small benefits from reducing the volatility of consumption, further
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美国国家经济研究局创建时间：
2003-09-01
