On the business cycle implications of alternative risk aversion formulations
In this paper, I investigate the effects of alternative risk aversion formulations on business cycle properties of an otherwise standard real business cycle economy. I first report on the implications of different risk aversion formulations on impulse response functions of real variables, and show t...
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| Format: | Article |
| Language: | English |
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Elsevier
2018-06-01
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| Series: | Central Bank Review |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1303070118300039 |