Karabarbounis, Loukas - Volkswirtschaftliche Fakultät, … - 2010
A parsimonious model with home production, estimated to match moments of the “labor wedge,” explains prominent puzzles … of the international business cycle. If market and home activity are substitutes, then the measured labor wedge increases …-country dynamic general equilibrium model in which the labor wedge is endogenously generated to match its empirical moments, market …