Gomme, Paul A.; Rogerson, Richard Donald; Rupert, Peter; … - 2004 - [Elektronische Ressource]
working
paper
FEDERAL RESERVE BANK OF CLEVELAND
04 04
The Business Cycle and the Life Cycle
by Paul Gomme, Richard … Business Cycle and the Life Cycle
By Paul Gomme, Richard Rogerson, Peter Rupert and Randall Wright
The paper documents …
1 Introduction
The representative household model is the workhorse of modern business cycle
theory. One can understand …