Browsing BI Open by Author "Zhanhui, Chen"

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    • Risk Aversion Sensitive Real Business Cycles 

      Zhanhui, Chen; Cooper, Ilan; Ehling, Paul; Xiouros, Costas (Journal article; Peer reviewed, 2020)
      Technology choice allows for substitution of production across states of nature and depends on state-dependent risk aversion. In equilibrium, endogenous technology choice can counter a persistent negative productivity shock ...