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On the welfare costs of business-cycle fluctuations and economic-growth variation in the 20th century and beyond
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2013-11-04)
The main objective of this paper is to propose a novel setup that allows estimating separately the welfare costs of the uncertainty stemming from business-cycle uctuations and from economic-growth variation, when the two ...