Listagem FGV EPGE - Ensaios Econômicos por Título "On the welfare costs of business cycles in the 20th century"

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    • On the welfare costs of business cycles in the 20th century 

      Issler, João Victor; Guillen, Osmani Teixeira Carvalho
      2003-02
      Lucas (1987) has shown a surprising result in business-cycle research, that the welfare cost of business cycles are relatively small. Using standard assumptions on preferences and a reasonable reduced form for consumption, ...