Browsing FGV EPGE - Seminários de Pesquisa Econômica by Title "Unit roots and the welfare gains of cycle smoothing"

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    • Unit roots and the welfare gains of cycle smoothing 

      Issler, João Victor; Franco Neto, Afonso Arinos de Mello
      1996-05-30
      li consumption is log-Normal and is decomposed into a linear deterministic trend and a stationary cycle, a surprising result in business-cycle research is that the welfare gains of eliminating uncertainty are relatively ...