Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10001568768
Persistent link: https://www.econbiz.de/10001777514
This paper proposes a measure of the welfare cost of volatility derived from an endogenous growth model (AK) under uncertainty extended to the case of a recursive utility function which disentangles risk aversion from intertemporal elasticity of substitution. It encompasses a direct welfare cost...
Persistent link: https://www.econbiz.de/10013317977
This paper proposes a measure of the welfare cost of volatitliy derived from an endogenous growth model (AK) under uncertainty extended to the case of a recursive utility function which disentangles risk aversion from intertemporal elasticity of substitution. It encompasses a direct welfare cost...
Persistent link: https://www.econbiz.de/10014400117