Listagem FGV EPGE - Ensaios Econômicos por Título "The welfare cost of macroeconomic uncertainty in the post-war period"

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    • The welfare cost of macroeconomic uncertainty in the post-war period 

      Franco Neto, Afonso Arinos de Mello; Issler, João Victor; Guillen, Osmani Teixeira Carvalho
      2005-12-01
      Lucas (1987) has shown the surprising result that the welfare cost of business cycles is quite small. Using standard assumptions on preferences and a fully-áedged econometric model we computed the welfare costs of macroeconomic ...

    • The welfare cost of macroeconomic uncertainty in the post-war period 

      Franco Neto, Afonso Arinos de Mello; Issler, João Victor; Guillen, Osmani Teixeira Carvalho
      2006-09-01
      With standard assumptions on preferences and a fully-fledged econometric model we computed the welfare costs of macroeconomic uncertainty for post-war U.S. using the BeveridgeNelson decomposition. Welfare costs are about ...