The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk

Kjetil Storesletten · Chris I. Telmer · Amir Yaron

66 citations0/0 files storedNational Bureau of Economic Research

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References

1998Income and Wealth Heterogeneity in the Macroeconomy 1987Models of business cycles 1995Frontiers of Business Cycle Research 1994Intertemporal Choice and Inequality 1986On the Covariance Structure of Earnings and Hours Changes 2010Evaluating the effects of incomplete markets on risk sharing nad asset pricing 1989Cost of Business Cycles with Indivisibilities and Liquidity Constraints 1994The importance of precautionary motives in explaining individual and aggregate saving

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2009Quantitative Macroeconomics with Heterogeneous Households 2006The Short- and Long-Term Career Effects of Graduating in a Recession: Hysteresis and Heterogeneity in the Market for College Graduates 2004The Cost of Business Cycles and the Benefits of Stabilization: A Survey 2010Counter-cyclical Economic Policy 2003The Cost of Business Cycles Under Endogenous Growth 2009The Macroeconomic Effects of Losing Autonomous Monetary Policy after the Euro Adoption in Poland

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