Benigno, Pierpaolo (contributor); … - 2004
a combination of
three distinct stabilization goals. The flrst is stabilization of a linear combination
of consumption … and hours; the second is stabilization of hours around a level that
depends on the current state of productivity; and the … third is stabilization of the
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capital stock per unit of efiective labor supply (i.e., labor supply in e–ciency units …