Mathä, Thomas; Pierrard, Olivier - 2009
by Thomas Y. Mathä
and Olivier Pierrard
Search in the
Product Market
and the real
BuSineSS cycle
Working PaPer … REAL
BUSINESS CYCLE
1
by Thomas Y. Mathä
and Olivier Pierrard
2
1 The views expressed in this paper are personal … Series No 1036
March 2009
Non-technical summary
In the Walrasian real business cycle model (RBC), the product market is …