Welfare costs from output and price fluctuations with heterogeneous agents and utility recovery

• Main Authors: Ong, Natalie Jia Min, Tan, Peck Hean, Tay, Cong Run
• Other Authors: Kang Minwook
• Format: Final Year Project
• Language: English
• Published: 2019
• Subjects: DRNTU::Business::Finance; DRNTU::Social sciences::Economic theory::Macroeconomics
• Online Access: http://hdl.handle.net/10356/76795
• Institution: Nanyang Technological University

In this globalized world, sound macroeconomic policies play an imperative role in economic success. This paper seeks to aid policy-makers in their decision-making processes by quantifying the welfare costs of business cycle fluctuations for them to formulate sound economic policies to improve the we...