Robert J. Barro
Harvard University
534 Papers
18.1K Citations
Robert J. Barro is an academic researcher from Harvard University. The author has contributed to research in topics: Inflation & Investment (macroeconomics). The author has an hindex of 124, co-authored 519 publications. Previous affiliations of Robert J. Barro include University of Chicago & University of Liverpool.
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Papers
On the Welfare Costs of Consumption Uncertainty
TL;DR: In this article, a Lucas-tree model with rare but large disasters is used to calculate the welfare cost of aggregate consumption uncertainty, and the welfare costs from usual economic fluctuations is much smaller, though still important.
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Quantity and Quality of Economic Growth
TL;DR: This article found that economic development goes along with higher life expectancy and reduced fertility, and that improvements in the standard of living are also associated with expansions of democracy, increased maintenance of the rule of law, and reductions in official corruption.
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Environmental Protection, Rare Disasters and Discount Rates
Robert J. Barro
- 01 Jul 2013
TL;DR: Extremely low discount rates and high uncertainty are key factors in the evaluation of environmental protection policies. Optimal environmental investment can be a significant share of GDP even with reasonable values for the rate of time preference and the expected rate of return on private capital.
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Reputation in a Model of Monetary Policy with Incomplete Information
Robert J. Barro,Robert J. Barro +1 more
TL;DR: In this article, the authors extend the model of rules versus discretion to include uncertainty about the policymaker's "type" and show that when people observe low inflation, they raise the possibility that a policymaker is committed to low inflation (type 1), which gives the uncommitted policymaker (type 2) an incentive to masquerade as the committed type.
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International Determinants of Religiosity
TL;DR: In this paper, two important theories of religiosity, the secularization hypothesis and the religion-market model, are assessed by using survey information for 61 countries over the last 20 years on church attendance and religious beliefs.