出版社：Fundação Getulio Vargas, Escola de Pós-Graduação em Economia
摘要：With standard assumptions on preferences and a fully-fledged econometric model we computed
the welfare costs of macroeconomic uncertainty for post-war U.S. using the Beveridge-
Nelson decomposition. Welfare costs are about 0.9% per-capita consumption ($175.00) and
marginal welfare costs are about twice as large.
