DANTHINE, Jean-Pierre; DONALDSON, John B.; SICONOLFI, Paolo - Swiss Finance Institute - 2005
- shareholders and workers - where
1In this sense these variations falsify most existing business cycle models. We pursue a purely … standard business cycle model, our
economy features an additional source of uncertainty, resulting in variations in the shares … attendant to the
uncertainty in factor shares are consistent with the observed properties of the business
cycle.
The outline of …