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This paper proposes a measure of the welfare cost of volatitliy derived from an endogenous growth...

Whereas the economics discipline possesses a highly refined theoretical apparatus to analyze the...

Empirically, output and asset returns are highly positively correlated across the United States...

Over the past decade, global output has grown by more than 3 percent a year and inflation has...

Better "financial soundness" of banks could help mitigate the volatility of financial cycles by...

Using three distinct approaches—statistical filtering, production function, and multivariate...