Kitov, Ivan; Kitov, Oleg; Dolinskaya, Svetlana - Volkswirtschaftliche Fakultät, … - 2008
We present a comprehensive macroeconomic model for the U.S. There exist strict long-term relations between real GDP …, price inflation, labor force participation, productivity, and unemployment. The evolution of real GDP depends only on … exogenous demographic forces. Other macro-variables follow up the real GDP. The links between the variables have been valid …