Using Asset Prices to Measure the Cost of Business Cycles
收藏NBER2000-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7978
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资源简介：
We propose a method to measure the welfare cost of economic fluctuations that does not require full specification of consumer preferences and instead uses asset prices. The method is based on the marginal cost of consumption fluctuations, the per unit benefit of a marginal reduction in consumption
提供机构：
美国国家经济研究局
创建时间：
2000-10-01
