Welfare Cost of Business Cycles with Idiosyncratic Consumption Risk and a Preference for Robustness

Author: Ellison Martin   Sargent Thomas J.  

Publisher: American Economic Association

E-ISSN: 1945-7715|7|2|40-57

ISSN: 1945-7707

Source: American Economic Journal: Macroeconomics, Vol.7, Iss.2, 2015-04, pp. : 40-57

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Abstract