The welfare cost of macroeconomic uncertainty in the post-war period

Afonso Franco Neto, João Issler and Osmani Guillén

No 624, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) from EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil)

Abstract: With standard assumptions on preferences and a fully-fledged econometric model we computed the welfare costs of macroeconomic uncertainty for post-war U.S. using the BeveridgeNelson decomposition. Welfare costs are about 0.9% per-capita consumption ($175.00) and marginal welfare costs are about twice as large.

Date: 2006-09-01
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (5)

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Related works:
Journal Article: The welfare cost of macroeconomic uncertainty in the post-war period (2008)
Working Paper: The Welfare Cost of Macroeconomic Uncertainty in the Post-War Period (2006)
Working Paper: The welfare cost of macroeconomic uncertainty in the post-war period (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgewp:624

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