| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20319 |
| 来源ID | Working Paper 20319 |
| Risk and Ambiguity in Models of Business Cycles | |
| David Backus; Axelle Ferriere; Stanley Zin | |
| 发表日期 | 2014-07-17 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We inject aggregate uncertainty - risk and ambiguity - into an otherwise standard business cycle model and describe its consequences. We find that increases in uncertainty generally reduce consumption, but they do not account, in this model, for either the magnitude or the persistence of the most recent recession. We speculate about extensions that might do better along one or both dimensions. |
| 主题 | Microeconomics ; Economics of Information ; Macroeconomics ; Business Cycles ; Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w20319 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577993 |
| 推荐引用方式 GB/T 7714 | David Backus,Axelle Ferriere,Stanley Zin. Risk and Ambiguity in Models of Business Cycles. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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