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Welfare implications of sunspot fluctuations
- 1.0156008 - NHU-N 20020263 RIV CZ eng J - Journal Article
Slobodyan, Sergey
Welfare implications of sunspot fluctuations.
CERGE-EI Working Paper Series. Roč. 2002, č. 204 (2002), s. 1-35. ISSN 1211-3298
Institutional research plan: CEZ:AV0Z7085904
Keywords : development trap * welfare
Subject RIV: AH - Economics
http://www.cerge-ei.cz/pdf/wp/Wp204.pdf
The usual conclusion in the literature is that sunspots reduce welfare because of the agents' risk aversion.
Permanent Link: http://hdl.handle.net/11104/0053477
File Download Size Commentary Version Access Wp204.pdf 0 319.4 KB Publisher’s postprint open-access
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