A DSGE model with loss aversion in consumption and leisure: an explanation for business cycles asymmetries

In this chapter, an asymmetric DSGE model is built in order to account for asymmetries in business cycles. One of the most important contributions of this work is the construction of a general utility function which nests loss aversion, risk aversion and habits formation by means of a smooth transit...

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Autores:

Tipo de recurso:

Fecha de publicación:

2014

Institución:

Universidad del Rosario

Repositorio:

Repositorio EdocUR - U. Rosario

Idioma:

eng

OAI Identifier:

oai:repository.urosario.edu.co:10336/10967

Acceso en línea:

https://doi.org/10.48713/10336_10967
http://repository.urosario.edu.co/handle/10336/10967

Palabra clave:

Producción
Ciclos económicos::Modelos Econométricos
Teoría de la utilidad
Riesgo (Economía)::Modelos Econométricos

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http://purl.org/coar/access_right/c_abf2