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Hansen Wright 1992 by Franck Banalet is a document available to read on EtoBox.
What is Hansen Wright 1992 about?
The document analyzes how real business cycle theory explains facts about fluctuations in the US labor market, specifically that hours worked fluctuate more than productivity and hours and productivity are not strongly correlated. It presents a baseline real business cycle model and then considers four extensions - nonseparable preferences, indivisible labor, government spending shocks, and household production - and finds that each improves the model
- Author
- Franck Banalet
- Language
- EN