Volatility, growth, and welfare

DOI10.1016/J.JEDC.2011.04.008zbMATH Open1283.91130OpenAlexW3123184836MaRDI QIDQ647659FDOQ647659

Authors: Pengfei Wang, Yi Wen 

Publication date: 24 November 2011

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2011.04.008

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zbMATH Keywords

imperfect competitionendogenous growthstabilization policysunspotscoordination failureswelfare cost of business cycle

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• Capacity utilization under increasing returns to scale
• Coordinating Coordination Failures in Keynesian Models
• Monopolistic competition, business cycles, and the composition of aggregate demand
• Sticky Goods Prices, Flexible Asset Prices, Monopolistic Competition, and Monetary Policy
• Capital utilization, economic growth and convergence
• Multiple equilibria in a growth model with monopolistic competition
• Strategic Complementarity in Business Formation: Aggregate Fluctuations and Sunspot Equilibria
• Gaps and Triangles
• Volatility, growth, and welfare

Cited In (16)

• Macroeconomic priorities and crash states
• Growth, volatility and learning
• Dualism and Macroeconomic Volatility
• On the link between volatility and growth
• Business cycles in a two-sector model of endogenous growth
• The stabilizing role of government size
• Volatility and welfare
• The link between volatility and growth: Evidence from the States
• Why have business cycle fluctuations become less volatile?
• Inflation, volatile public spending, and endogenously sustained growth
• Title not available (Why is that?)
• Human capital accumulation and output growth in a stochastic environment
• WELFARE GAINS FROM STABILIZATION IN A STOCHASTICALLY GROWING ECONOMY WITH IDIOSYNCRATIC SHOCKS AND FLEXIBLE LABOR SUPPLY
• Creative destruction, investment volatility, and the average age of capital
• Volatility, growth, and welfare
• Volatility in the knowledge economy

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