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

dc.contributor.author	Franco Neto, Afonso Arinos de Mello
dc.contributor.author	Issler, João Victor
dc.contributor.author	Guillen, Osmani Teixeira Carvalho
dc.date.accessioned	2008-05-13T15:33:52Z
dc.date.available	2008-05-13T15:33:52Z
dc.date.issued	2006-09-01
dc.identifier.issn	0104-8910
dc.identifier.uri	http://hdl.handle.net/10438/776
dc.description.abstract	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 0.9% per-capita consumption ($175.00) and marginal welfare costs are about twice as large.	eng
dc.language.iso	eng
dc.publisher	Escola de Pós-Graduação em Economia da FGV	por
dc.relation.ispartofseries	Ensaios Econômicos;624	por
dc.subject	Welfare costs of business cycles	eng
dc.subject	Beveridge-Nelson decomposition	por
dc.title	The welfare cost of macroeconomic uncertainty in the post-war period	eng
dc.type	Working Paper	eng
dc.subject.area	Economia	por
dc.contributor.unidadefgv	Escolas::EPGE	por
dc.subject.bibliodata	Economia	por
dc.subject.bibliodata	Ciclos econômicos	por
dc.subject.bibliodata	Incerteza	por
dc.subject.bibliodata	Modelos econométricos	por
dc.contributor.affiliation	FGV