| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10926 |
| 来源ID | Working Paper 10926 |
| The Cost of Business Cycles and the Benefits of Stabilization: A Survey | |
| Gadi Barlevy | |
| 发表日期 | 2004-11-22 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This article reviews the literature on the cost of U.S. post-War business cycle fluctuations. I argue that recent work has established this cost is considerably larger than initial work found. However, despite the large cost of macroeconomic volatility, it is not obvious that policymakers should have pursued a more aggressive stabilization policy than they did. Still, the fact that volatility is so costly suggests stable growth is a desirable goal that ought to be maintained to the extent possible, just as policymakers are currently required to do under the Balanced Growth and Full Employment Act of 1978. This survey was prepared for the Economic Perspectives, a publication of the Federal Reserve Bank of Chicago. |
| 主题 | Macroeconomics ; Business Cycles ; Fiscal Policy ; Microeconomics ; Welfare and Collective Choice |
| URL | https://www.nber.org/papers/w10926 |
| 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/568561 |
| 推荐引用方式 GB/T 7714 | Gadi Barlevy. The Cost of Business Cycles and the Benefits of Stabilization: A Survey. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10926.pdf（691KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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