Magnitude X on the Richter Scale: Welfare Cost of Business Cycles in Developing Countries

Preprint OPEN
Stephane Pallage; Michel Robe;
  • Subject: business cycles, consumption volatility, welfare cost
    • jel: jel:E32 | jel:E60

Economic fluctuations are much stronger in developing countries than in the United States. Yet, while a large literature debates what constitutes a reasonable estimate of the welfare cost of business cycles in the US, it remains an open question how large that cost is i... View more
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