Economics, Econometrics and Finance
4 years ago

Fluctuations in Consumption Growth Rate Can Have Substantial Welfare Effects

American Economic Review
The Cost of Business Cycles Under Endogenous Growth
Gadi Barlevy

Paper Summary

Related papers

Economics, Econometrics and Finance
8 years ago

Unveiling the Future: Predicting Economic Cycles for Global Prosperity

International Finance
2 views
Economics, Econometrics and Finance
4 years ago

Study reveals longer economic expansions, shorter recessions in recent decades.

International Finance
3 views
Economics, Econometrics and Finance
4 years ago

Real wages rise and fall with business cycle shocks, impacting workers.

Macroeconomic Analysis
Monetary Models
Macroeconomic Trends
3 views

Fluctuations in the economy can impact how fast our money grows over time. This can have a big effect on our overall well-being. Previous studies underestimated these effects, but new research shows that they are actually much more significant. This means that business cycles do matter and can greatly impact our welfare.