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| Author: | Pallage, S. Robe, M. A. |
| Title: | On the welfare cost of economic fluctuations in developing countries |
| Journal: | International Economic Review
2003 : MAY, VOL. 44:2, p. 677-698 |
| Index terms: | Welfare economics Developing countries Financial risk |
| Language: | eng |
| Abstract: | Using several models, including the original Lucas (1987) endowment economy, the authors compute the welfare cost of agregate fluctuations for a large sample of developing countries. They then contrast these costs with estimates obtained from the same models using U.S. Data. For each country, they calibrate the models using local-currency figures from the World Bank or extant studies, and carry out robustness checks. |
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