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Code files for "Revisiting the Welfare Effects of Eliminating Business Cycles"

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Author Info
Per Krusell (Princeton University)
Toshihiko Mukoyama (University of Virginia)
Aysegul Sahin (Federal Reserve Bank of New York)
Anthony A. Smith, Jr. (Yale University)

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Abstract

Fortran codes to replicate results in the article. The programs are divided into two folders. One contains the two-employment-state case, and the other contains the three-employment-state case. Each contains a subfolder for the benchmark economy with fluctuations and a subfolder for one transition experiment: starting from (k=11.2 & z=b) for the two-state case and (k=11.3 & z=b) for the three-state case. The input files for the experiments are also contained. We include only one transition experiment to reduce the file size---the codes for all the other experiments are almost identical.

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Publisher Info
Software component provided by Review of Economic Dynamics in its series Computer Codes with number 08-211.

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Date of creation: 2008
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Handle: RePEc:red:ccodes:08-211

Note: We would like to acknowledge that some routines are taken from the Numerical Recipes for Fortran 77 and some routines are given to us from Sun-Bin Kim (and possibly modified by us). All errors are ours.
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Toshihiko Mukoyama & Aysegul Sahin, 2005. "Costs of Business Cycles for Unskilled Workers," Working Papers 05002, Concordia University, Department of Economics. [Downloadable!]
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Tom Krebs, 2004. "Welfare Cost of Business Cycles When Markets Are Incomplete," Working Papers 2004-08, Brown University, Department of Economics. [Downloadable!]
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  2. Per Krusell & Toshihiko Mukoyama & Aysegul Sahin, 2009. "Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations," NBER Working Papers 15282, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Janet L. Yellen, 2004. "Stabilization policy: a reconsideration," Speech, Federal Reserve Bank of San Francisco, issue Jul 1. [Downloadable!]
  4. Gadi Barlevy, 2005. "The cost of business cycles and the benefits of stabilization," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I, pages 32-49. [Downloadable!]
  5. Toshihiko Mukoyama & Aysegul Sahin, 2005. "Costs of Business Cycles for Unskilled Workers," Working Papers 05002, Concordia University, Department of Economics. [Downloadable!]
    Other versions:
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This page was last updated on 2009-10-14.

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