TY  - RPRT
AU  - Portier, Franck
AU  - Puch González, Luis Antonio
PY  - 2004
UR  - https://hdl.handle.net/20.500.14352/56605
AB  - In this paper we measure the welfare cost of fluctuations in a simple representative agent economy with nonclearing markets. The market friction we consider involves price rigidities and a voluntary exchange rationing scheme. These features are...
LA  - eng
A3  - Instituto Complutense de Análisis Económico. Universidad Complutense de Madrid
KW  - Cost of business cycles
KW  - Nonclearing markets
KW  - Dynamic general equilibrium.
TI  - The welfare cost of business cycles in an economy with nonclearing markets
TY  - technical report
VL  - 2004
ER  -