McGrattan, Ellen R.; Prescott, Edward C. - 2005 - Rev
about consumption, labor supply, and saving. These decisions are
event contingent, where the events are generated by a nite …;t, ^K1m;t,
K2m;t, ^K2m;t). For a stationary recursive equilibrium, the state in period t is a function
of the period t event …), \Lessons for Europe from
the U.S. Growth Resurgence," CESifo Economic Studies, 49(1): 27{47.
Kunze, Kurt (2004), \U.S. Hours …