메뉴 건너뛰기




Volumn 97, Issue 4, 2007, Pages 1488-1506

Individual consumption risk and the welfare cost of business cycles

Author keywords

[No Author keywords available]

Indexed keywords


EID: 35348820688     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.97.4.1488     Document Type: Review
Times cited : (44)

References (26)
  • 1
    • 12144262641 scopus 로고    scopus 로고
    • Using Asset Prices to Measure the Cost of Business Cycles
    • Alvarez, Fernando, and Urban J. Jermann. 2004. "Using Asset Prices to Measure the Cost of Business Cycles." Journal of Political Economy, 112(6): 1223-56.
    • (2004) Journal of Political Economy , vol.112 , Issue.6 , pp. 1223-1256
    • Alvarez, F.1    Jermann, U.J.2
  • 2
    • 0002900477 scopus 로고
    • Reconsidering the Costs of Business Cycles with Incomplete Markets
    • ed. S. Fischer and J. J. Rotemberg, Cambridge, MA: MIT Press
    • Atkeson, Andrew, and Christopher Phelan. 1994. "Reconsidering the Costs of Business Cycles with Incomplete Markets." In NBER Macroeconomics Annual 1994, ed. S. Fischer and J. J. Rotemberg, 187-207. Cambridge, MA: MIT Press.
    • (1994) NBER Macroeconomics Annual 1994 , pp. 187-207
    • Atkeson, A.1    Phelan, C.2
  • 3
    • 4344674622 scopus 로고    scopus 로고
    • Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles
    • Bansal, Ravi, and Amir Yaron. 2004. "Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles." Journal of Finance, 59(4): 1481-1509.
    • (2004) Journal of Finance , vol.59 , Issue.4 , pp. 1481-1509
    • Bansal, R.1    Yaron, A.2
  • 4
    • 30744458158 scopus 로고
    • The Effect of Implicit Contracts on the Movement of Wages over the Business Cycle: Evidence from Micro Data
    • Beaudry, Paul, and John DiNardo. 1991. "The Effect of Implicit Contracts on the Movement of Wages over the Business Cycle: Evidence from Micro Data." Journal of Political Economy, 99(4): 665-88.
    • (1991) Journal of Political Economy , vol.99 , Issue.4 , pp. 665-688
    • Beaudry, P.1    DiNardo, J.2
  • 5
    • 21844502963 scopus 로고
    • Is the Behavior of Hours Worked Consistent with Implicit Contract Theory?
    • Beaudry, Paul, and John DiNardo. 1995. "Is the Behavior of Hours Worked Consistent with Implicit Contract Theory?" Quarterly Journal of Economics, 110(3): 743-68.
    • (1995) Quarterly Journal of Economics , vol.110 , Issue.3 , pp. 743-768
    • Beaudry, P.1    DiNardo, J.2
  • 6
    • 0034916064 scopus 로고    scopus 로고
    • The Cost of Business Cycles and the Stabilization Value of Unemployment Insurance
    • Beaudry, Paul, and Carmen Pages. 2001. "The Cost of Business Cycles and the Stabilization Value of Unemployment Insurance." European Economic Review, 45(8): 1545-72.
    • (2001) European Economic Review , vol.45 , Issue.8 , pp. 1545-1572
    • Beaudry, P.1    Pages, C.2
  • 7
    • 0000776805 scopus 로고
    • Real Wages over the Business Cycle: Evidence from Panel Data
    • Bils, Mark J. 1985. "Real Wages over the Business Cycle: Evidence from Panel Data." Journal of Political Economy, 93(4): 666-89.
    • (1985) Journal of Political Economy , vol.93 , Issue.4 , pp. 666-689
    • Bils, M.J.1
  • 8
    • 0039921869 scopus 로고
    • The Buffer-stock Theory of Saving: Some Macroeconomic Evidence
    • Carrol, Christopher D. 1992. "The Buffer-stock Theory of Saving: Some Macroeconomic Evidence." Brookings Papers on Economic Activity, 2: 61-156.
    • (1992) Brookings Papers on Economic Activity , vol.2 , pp. 61-156
    • Carrol, C.D.1
  • 9
    • 0038969196 scopus 로고    scopus 로고
    • Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
    • Carrol, Christopher D. 1997. "Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis." Quarterly Journal of Economics, 112(1): 1-55.
    • (1997) Quarterly Journal of Economics , vol.112 , Issue.1 , pp. 1-55
    • Carrol, C.D.1
  • 10
    • 0001691088 scopus 로고    scopus 로고
    • Constantinides, George M., and Darrell Duffle. 1996. Asset Pricing with Heterogeneous Consumers. Journal of Political Economy, 104(2): 219-40.
    • Constantinides, George M., and Darrell Duffle. 1996. "Asset Pricing with Heterogeneous Consumers." Journal of Political Economy, 104(2): 219-40.
  • 11
    • 0028588795 scopus 로고
    • Intertemporal Choice and Inequality
    • Deaton, Angus, and Christina Paxson. 1994. "Intertemporal Choice and Inequality." Journal of Political Economy, 102(3): 437-67.
    • (1994) Journal of Political Economy , vol.102 , Issue.3 , pp. 437-467
    • Deaton, A.1    Paxson, C.2
  • 12
    • 35348817264 scopus 로고    scopus 로고
    • Interpreting Aggregate Stock Market Behavior: How Far Can the Standard Model Go?
    • Unpublished
    • De Santis, Massimiliano. 2006 "Interpreting Aggregate Stock Market Behavior: How Far Can the Standard Model Go?" Unpublished.
    • (2006)
    • De Santis, M.1
  • 13
    • 84934563125 scopus 로고
    • Implications of Security Market Data for Models of Dynamic Economies
    • Hansen, Lars P., and Ravi Jagannathan. 1991. "Implications of Security Market Data for Models of Dynamic Economies." Journal of Political Economy, 99(2): 225-62.
    • (1991) Journal of Political Economy , vol.99 , Issue.2 , pp. 225-262
    • Hansen, L.P.1    Jagannathan, R.2
  • 14
    • 84934563022 scopus 로고
    • Cost of Business Cycles with Indivisibilities and Liquidity Constraints
    • Imrohoroglu, Ayse. 1989. "Cost of Business Cycles with Indivisibilities and Liquidity Constraints." Journal of Political Economy, 97(6): 1364-83.
    • (1989) Journal of Political Economy , vol.97 , Issue.6 , pp. 1364-1383
    • Imrohoroglu, A.1
  • 15
    • 0242508468 scopus 로고    scopus 로고
    • Growth and Welfare Effects of Business Cycles in Economies with Idiosyncratic Human Capital Risk
    • Krebs, Tom. 2003. "Growth and Welfare Effects of Business Cycles in Economies with Idiosyncratic Human Capital Risk." Review of Economic Dynamics, 6(4): 846-68.
    • (2003) Review of Economic Dynamics , vol.6 , Issue.4 , pp. 846-868
    • Krebs, T.1
  • 16
    • 34547364637 scopus 로고    scopus 로고
    • Job Displacement Risk and the Cost of Business Cycles
    • Krebs, Tom. 2007. "Job Displacement Risk and the Cost of Business Cycles." American Economic Review, 97(3): 664-86.
    • (2007) American Economic Review , vol.97 , Issue.3 , pp. 664-686
    • Krebs, T.1
  • 17
    • 0004961208 scopus 로고    scopus 로고
    • On the Welfare Effects of Eliminating Business Cycles
    • Krusell, Per, and Anthony A. Smith, Jr. 1999. "On the Welfare Effects of Eliminating Business Cycles." Review of Economic Dynamics, 2(1): 245-72.
    • (1999) Review of Economic Dynamics , vol.2 , Issue.1 , pp. 245-272
    • Krusell, P.1    Smith Jr., A.A.2
  • 18
    • 0242480102 scopus 로고    scopus 로고
    • Revisiting the Welfare Effects of Eliminating Business Cycles
    • Unpublished
    • Krusell, Per, and Anthony A. Smith, Jr. 2002. "Revisiting the Welfare Effects of Eliminating Business Cycles." Unpublished.
    • (2002)
    • Krusell, P.1    Smith Jr., A.A.2
  • 19
    • 0001672759 scopus 로고
    • Dynamic Aspects of Earning Mobility
    • Lillard, Lee A., and Robert J. Willis. 1978. "Dynamic Aspects of Earning Mobility." Econometrica, 46(5): 985-1012.
    • (1978) Econometrica , vol.46 , Issue.5 , pp. 985-1012
    • Lillard, L.A.1    Willis, R.J.2
  • 21
    • 2942720854 scopus 로고    scopus 로고
    • Macroeconomic Priorities
    • Lucas, Robert E., Jr. 2003. "Macroeconomic Priorities." American Economic Review, 93(1): 1-14.
    • (2003) American Economic Review , vol.93 , Issue.1 , pp. 1-14
    • Lucas Jr., R.E.1
  • 22
    • 1642309472 scopus 로고    scopus 로고
    • Income Variance Dynamics and Heterogeneity
    • Meghir, Costas, and Luigi Pistaferri. 2004. "Income Variance Dynamics and Heterogeneity." Econométrica, 72(1): 1-32.
    • (2004) Econométrica , vol.72 , Issue.1 , pp. 1-32
    • Meghir, C.1    Pistaferri, L.2
  • 23
    • 15844380214 scopus 로고    scopus 로고
    • Consumption Risk and the Cross Section of Expected Returns
    • Parker, Jonathan A., and Christian Julliard. 2005. "Consumption Risk and the Cross Section of Expected Returns." Journal of Political Economy, 113(1): 185-222.
    • (2005) Journal of Political Economy , vol.113 , Issue.1 , pp. 185-222
    • Parker, J.A.1    Julliard, C.2
  • 25
    • 0035015538 scopus 로고    scopus 로고
    • The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk
    • Storesletten, Kjetil, Chris I. Telmer, and Amir Yaron. 2001. "The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk." European Economic Review, 45(7): 1311-39.
    • (2001) European Economic Review , vol.45 , Issue.7 , pp. 1311-1339
    • Storesletten, K.1    Telmer, C.I.2    Yaron, A.3
  • 26
    • 1642600836 scopus 로고    scopus 로고
    • Cyclical Dynamics in Idiosyncratic Labor Market Risk
    • Storesletten, Kjetil, Chris I. Telmer, and Amir Yaron. 2004. "Cyclical Dynamics in Idiosyncratic Labor Market Risk." Journal of Political Economy, 112(3): 695-717.
    • (2004) Journal of Political Economy , vol.112 , Issue.3 , pp. 695-717
    • Storesletten, K.1    Telmer, C.I.2    Yaron, A.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.