Gomme, Paul A.; Rogerson, Richard Donald; Rupert, Peter; … - 2004 - [Elektronische Ressource]
1 Introduction
The representative household model is the workhorse of modern business cycle
theory. One can understand … is organized as follows. In Section 2 we describe a
standard representative household (infinitely-lived agent) model and … variation in hours varies with several household char-
acteristics. Section 4 presents and calibrates our version of the growth …