Jahrestagung des Vereins für Socialpolitik 2014 Thema der Kerntagung: "Evidenzbasierte Wirtschaftspo...
We discuss properties of alternatives or complements to GDP as a measure of welfare at business cycle frequencies. We argue that these figures are not useful to measure the welfare costs of business cycles. First, data is not available at an appropriate quality and frequency. Second, since the suggested time series sometimes correlate negatively with each other composite indices will lead by construction to very low welfare costs of business cycles. Third, cross-section and quasi-panel evidence based on different samples of countries reveals no impact of the stance of the business cycle on some suggested welfare measures.
Saved in:
Description
| Authors and Corporations: | |
|---|---|
| Title: | Jahrestagung des Vereins für Socialpolitik 2014: Thema der Kerntagung: "Evidenzbasierte Wirtschaftspolitik" |
| Abstract: | We discuss properties of alternatives or complements to GDP as a measure of welfare at business cycle frequencies. We argue that these figures are not useful to measure the welfare costs of business cycles. First, data is not available at an appropriate quality and frequency. Second, since the suggested time series sometimes correlate negatively with each other composite indices will lead by construction to very low welfare costs of business cycles. Third, cross-section and quasi-panel evidence based on different samples of countries reveals no impact of the stance of the business cycle on some suggested welfare measures. |
| published: | |
| Subjects: | |
| Type of Resource: | E-Book Conference Proceedings |
| Language: | English |
Filter Collection Items
-
1
Aging, the great moderation and business-cycle volatility in a life-cycle model: conference paper (2014)
published 2014
In collection: Verein für Socialpolitik: Jahrestagung des Vereins für Socialpolitik 2014
In collection: CESifo GmbH: CESifo working papersE-Book Conference Proceedings -
2
Analysing party preferences using Google trends: conference paper (2014)
published 2014
In collection: Verein für Socialpolitik: Jahrestagung des Vereins für Socialpolitik 2014
In collection: CESifo GmbH: CESifo working papersE-Book Conference Proceedings -
3
Institutional reform and depositors' portfolio choice: evidence from censored quantile regressions ; conference paper (2014)
published 2014
In collection: Verein für Socialpolitik: Jahrestagung des Vereins für Socialpolitik 2014
In collection: CESifo GmbH: CESifo working papersE-Book Conference Proceedings -
4
Regional inequality and internal conflict: conference paper (2014)
published 2014
In collection: Verein für Socialpolitik: Jahrestagung des Vereins für Socialpolitik 2014
In collection: CESifo GmbH: CESifo working papersE-Book Conference Proceedings -
5
Smells like fiscal policy?: assessing the potential effectiveness of the ECB's OMT program ; conference paper (2014)
published 2014
In collection: Verein für Socialpolitik: Jahrestagung des Vereins für Socialpolitik 2014
In collection: CESifo GmbH: CESifo working papersE-Book Conference Proceedings -
6
The value of the revolving door: political appointees and the stock market ; conference paper (2014)
published 2014
In collection: Verein für Socialpolitik: Jahrestagung des Vereins für Socialpolitik 2014
In collection: CESifo GmbH: CESifo working papersE-Book Conference Proceedings