WELFARE GAINS FROM STABILIZATION IN A STOCHASTICALLY GROWING ECONOMY WITH IDIOSYNCRATIC SHOCKS AND FLEXIBLE LABOR SUPPLY

DOI10.1017/S1365100505040228zbMath1082.91061MaRDI QIDQ5717114

Stephen J. Turnovsky, Marcelo Bianconi

Publication date: 12 January 2006

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

zbMATH Keywords

Stabilization; Stochastic Growth; Idiosyncratic Shocks; Welfare Gains

Mathematics Subject Classification ID

91B70: Stochastic models in economics

91B64: Macroeconomic theory (monetary models, models of taxation)

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Cites Work

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