{"id":2695,"date":"2023-12-04T15:01:15","date_gmt":"2023-12-04T18:01:15","guid":{"rendered":"https:\/\/www.ufrgs.br\/ppge\/?p=2695"},"modified":"2023-12-04T15:01:15","modified_gmt":"2023-12-04T18:01:15","slug":"seminario-de-pesquisa-06-12-2023","status":"publish","type":"post","link":"https:\/\/www.ufrgs.br\/ppge\/seminario-de-pesquisa-06-12-2023\/","title":{"rendered":"Semin\u00e1rio de Pesquisa 06\/12\/2023"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Ocorrer\u00e1 no dia\u00a0<strong>06\/12\/2023, Quarta-Feira, \u00e0s 16h<\/strong>\u00a0na sala\u00a0<strong>401A-FCE<\/strong>\u00a0o Semin\u00e1rio de Pesquisa \u201c<strong>The Welfare Costs of Business Cycles Unveiled: Measuring the Extent of Stabilization Policies<\/strong>\u201d na \u00e1rea de Economia Aplicada ministrado pelo Professor\u00a0<strong>Fernando Ant\u00f4nio de Barros Jr (FEARP\/USP)<\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Abstract: <\/strong>How can we measure the welfare benefit of ongoing stabilization policies? We develop a methodology to calculate the welfare cost of business cycles taking into account that observed consumption is partially smoothed. We propose a decomposition that disentangles consumption in a mix of laissez-faire (absent policies) and riskless components. With a novel identification strategy, we estimate the span of stabilization power. In our preferred specification, we find that the welfare cost of total fluctuations is 11 percent of lifetime consumption, of which 82 percent is smoothed by the status quo policies, yielding a residual 1.8 percent of consumption to be tackled by policymakers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ocorrer\u00e1 no dia\u00a006\/12\/2023, Quarta-Feira, \u00e0s 16h\u00a0na sala\u00a0401A-FCE\u00a0o Semin\u00e1rio de Pesquisa \u201cThe Welfare Costs of Business Cycles Unveiled: Measuring the Extent of Stabilization Policies\u201d na \u00e1rea de Economia Aplicada ministrado pelo Professor\u00a0Fernando Ant\u00f4nio de Barros Jr (FEARP\/USP). Abstract: How can we measure the welfare benefit of ongoing stabilization policies? We develop a methodology to calculate the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9,3],"tags":[],"class_list":["post-2695","post","type-post","status-publish","format-standard","hentry","category-economia-aplicada","category-seminarios"],"_links":{"self":[{"href":"https:\/\/www.ufrgs.br\/ppge\/wp-json\/wp\/v2\/posts\/2695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ufrgs.br\/ppge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ufrgs.br\/ppge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ufrgs.br\/ppge\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ufrgs.br\/ppge\/wp-json\/wp\/v2\/comments?post=2695"}],"version-history":[{"count":1,"href":"https:\/\/www.ufrgs.br\/ppge\/wp-json\/wp\/v2\/posts\/2695\/revisions"}],"predecessor-version":[{"id":2698,"href":"https:\/\/www.ufrgs.br\/ppge\/wp-json\/wp\/v2\/posts\/2695\/revisions\/2698"}],"wp:attachment":[{"href":"https:\/\/www.ufrgs.br\/ppge\/wp-json\/wp\/v2\/media?parent=2695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ufrgs.br\/ppge\/wp-json\/wp\/v2\/categories?post=2695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ufrgs.br\/ppge\/wp-json\/wp\/v2\/tags?post=2695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}