Aloi, Marta; Jacobsen, Hans Jorgen; Braga, Teresa Lloyd - Department of Economics and Business, Universitat … - 1998
The paper reports results on the effects of stylized stabilization policies on endogenously created fluctuations. A simple monetary model with intertemporally optimizing agents is considered. Fluctuations in output may occur due to fluctuations in labor supply which are again caused by volatile...