A DSGE model with loss aversion in consumption and leisure : an explanation for business cycles asymmetries
ABSTRACT: 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 smoo...
- Autores:
-
Gómez Muñoz, Wilman Arturo
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2014
- Institución:
- Universidad de Antioquia
- Repositorio:
- Repositorio UdeA
- Idioma:
- eng
- OAI Identifier:
- oai:bibliotecadigital.udea.edu.co:10495/6751
- Acceso en línea:
- http://hdl.handle.net/10495/6751
- Palabra clave:
- Ciclos económicos
Función de utilidad
Modelos de equilibrio general
- Rights
- openAccess
- License
- Atribución-NoComercial-SinDerivadas 2.5 Colombia