Uncertainty about welfare effects of consumption fluctuations

Résultats de recherche: Contribution à un journal/une revueArticle

Résumé

This paper proposes Bayesian estimates for welfare effects of consumption fluctuations and growth. Annual data from 82 developed and developing countries indicate a large degree of uncertainty as regards point estimates. Moreover, the comparison between the welfare gain from consumption stabilization and the welfare gain from growth yields inconclusive results for many developed and developing countries. These findings suggest the need for caution in drawing policy conclusions from point estimates.

langue originaleAnglais
Pages (de - à)35-62
Nombre de pages28
journalEuropean Economic Review
Volume59
Les DOIs
étatPublié - 1 avr. 2013

Empreinte digitale

Fluctuations
Welfare effects
Uncertainty
Welfare gains
Developing countries
Developed countries
Stabilization

Citer ceci

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title = "Uncertainty about welfare effects of consumption fluctuations",
abstract = "This paper proposes Bayesian estimates for welfare effects of consumption fluctuations and growth. Annual data from 82 developed and developing countries indicate a large degree of uncertainty as regards point estimates. Moreover, the comparison between the welfare gain from consumption stabilization and the welfare gain from growth yields inconclusive results for many developed and developing countries. These findings suggest the need for caution in drawing policy conclusions from point estimates.",
keywords = "Bayesian inference, Business cycles, Growth, Welfare",
author = "Romain Houssa",
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Uncertainty about welfare effects of consumption fluctuations. / Houssa, Romain.

Dans: European Economic Review, Vol 59, 01.04.2013, p. 35-62.

Résultats de recherche: Contribution à un journal/une revueArticle

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