English, Article, Journal or magazine article edition: A WELFARE ANALYSIS OF ECONOMIC FLUCTUATIONS IN SOUTH AMERICA Fábio Augusto Reis Gomes; Leandro Gonçalves do Nascimento

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Bookmark: http://trove.nla.gov.au/version/124914
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A WELFARE ANALYSIS OF ECONOMIC FLUCTUATIONS IN SOUTH AMERICA
Author
  • Fábio Augusto Reis Gomes
  • Leandro Gonçalves do Nascimento
Physical Description
  • preprint
Notes
  • How large are welfare costs associated with economic aggregate fluctuations is a topic of great concern among economists at least since Robert Lucas' well-known and thought-provoking exercise in the late 1980s. Our analysis assesses the magnitude of such costs for nine countries in South America by means of three alternative trend-cycle decomposition methods. The results suggest South American countries have welfare costs of economic fluctuations notably higher than the U. S. economy.
  • RePEc:anp:en2004:045
Language
  • English
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