Factors associated with welfare costs of economic fluctuations: some empirical evidence

• Ano de defesa: 2022
• Autor(a) principal: Fernandes, Lucas Alexandre Estrela Ferreira
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: eng
• Instituição de defesa: Biblioteca Digitais de Teses e Dissertações da USP
• Palavras-chave em Português: Bem-estar; Economic fluctuations; Flutuações econômicas; Políticas de estabilização; Stabilization policies; Welfare
• Link de acesso: https://www.teses.usp.br/teses/disponiveis/96/96131/tde-01082022-103801/

Here we empirically study an association between the welfare cost of economic fluctuations and macroeconomic factors. First, we calculated the welfare cost for a set of 183 countries and find significant differences across countries. Then we examine the relationship of macroeconomic factors to cost using linear models. The results indicate that the increase in income uncertainty and savings variation are related to higher welfare costs, while countries that have fiscal rules that seek to stabilize the product have lower costs.