Are all economic fluctuations bad for consumers?

DOI10.1016/j.jedc.2023.104750zbMath1526.91014OpenAlexW4387167544MaRDI QIDQ6087273

Kwang Hwan Kim, Jong Soo Kim, Myungkyu Shim

Publication date: 15 November 2023

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2023.104750

zbMATH Keywords

factor mobilityinvestment adjustment costwelfare cost of business cyclesnature of shockstwo-sector neoclassical model

Mathematics Subject Classification ID

Multisectoral models in economics (91B66) Economic growth models (91B62) Welfare economics (91B15)

Cites Work

• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Volatility and welfare
• Perturbation solution and welfare costs of business cycles in DSGE models
• Sticky wages and sectoral labor comovement
• What's News in Business Cycles

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