Safety Traps

A-Tier
Journal: American Economic Journal: Macroeconomics
Year: 2013
Volume: 5
Issue: 4
Pages: 68-106

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Fear of risk provides a rationale for protracted economic downturns. We develop a real business cycle model where investors with decreasing relative risk aversion choose between a risky and a safe technology that exhibit decreasing returns. Because of a feedback effect

Technical Details

RePEc Handle
repec:aea:aejmac:v:5:y:2013:i:4:p:68-106
Journal Field
Macro
Author Count
2
Added to Database
2026-01-24