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Consumer theory / Microeconomics / Business cycle / Welfare cost of business cycles / Equity premium puzzle / Elasticity of intertemporal substitution / Economic model / Epstein-Zin preferences / Isoelastic utility / Economics / Macroeconomics / Utility


Welfare Cost of Business Cycles with Idiosyncratic Consumption Risk and a Preference for Robustness∗ Martin Ellison Thomas J. Sargent
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Document Date: 2015-04-08 13:04:15

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Heathcote / Robustness∗ Martin Ellison Thomas J. Sargent University of Oxford New York University September / /

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order approximate solution / rst-order solution / analytic solutions / no-noise solution / analytic solution / individual marginal utilities / approximate solution / /

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New York University / Oxford Fidelity Research Fund / Bank of Korea / Bureau of Economic Analysis / British Academy / Robustness∗ Martin Ellison Thomas J. Sargent University / /

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