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- W571454078 abstract "In this paper I study the business cycle implications of alternative insurance technologies using a computable general equilibrium heterogeneous agent environment. I find that the limited monetary arrangement entails larger fluctuations in hours relative to productivity than those that obtain in an identical economy where every risk is costlessly insurable. I also find that in the monetary economy the price level displays a markedly countercyclical behavior. Finally I evaluate the welafare costs of the monetary self-insurance arrangement." @default.
- W571454078 created "2016-06-24" @default.
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- W571454078 date "1990-01-01" @default.
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- W571454078 title "Business cycle fluctuations and the cost of insurance in computable heterogeneous agent monetary economies" @default.
- W571454078 hasPublicationYear "1990" @default.
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