Ambiguity Aversion and the Welfare Costs of Business Cycles

Irasema Alonso
Additional contact information
Irasema Alonso: Yale University.

No 773, 2007 Meeting Papers from Society for Economic Dynamics

Abstract: fluctuations, since consumers can benefit from investing more when productivity is high. The welfare consequences, in each economy, can be large. We also discuss how the results are affected if different consumers have different degrees of ambiguity aversion.

Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:sed007:773

Access Statistics for this paper

More papers in 2007 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().