An equilibrium model of the business cycle with household production and fiscal policy
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Greenwood, Jeremy & Hercowitz, Zvi, 1991.
"The Allocation of Capital and Time over the Business Cycle,"
Journal of Political Economy, University of Chicago Press, vol. 99(6), pages 1188-1214, December.
- Greenwood, J. & Hercowitz, Z., 1991. "The Allocation of Capital and Time Over the Business Cycles," University of Western Ontario, Departmental Research Report Series 9104, University of Western Ontario, Department of Economics.
- Greenwood, J. & Hercowitz, Z., 1991. "The Allocation of Capital and Time Over the Business Cycle," RCER Working Papers 268, University of Rochester - Center for Economic Research (RCER).
- Anton Braun, R., 1994. "Tax disturbances and real economic activity in the postwar United States," Journal of Monetary Economics, Elsevier, vol. 33(3), pages 441-462, June.
- Jess Benhabib & Richard Rogerson & Randall Wright, 1991. "Homework in macroeconomics: household production and aggregate fluctuations," Staff Report, Federal Reserve Bank of Minneapolis.
- Finn E. Kydland, 1993. "Business cycles and aggregate labor-market fluctuations," Working Papers (Old Series) 9312, Federal Reserve Bank of Cleveland.
- Christiano, Lawrence J & Eichenbaum, Martin, 1992.
"Current Real-Business-Cycle Theories and Aggregate Labor-Market Fluctuations,"
American Economic Review, American Economic Association, vol. 82(3), pages 430-450, June.
- Lawrence J. Christiano & Martin S. Eichenbaum, 1990. "Current real business cycle theories and aggregate labor market fluctuations," Working Paper Series, Macroeconomic Issues 90, Federal Reserve Bank of Chicago.
- Lawrence J. Christiano & Martin S. Eichenbaum, 1990. "Current real business cycle theories and aggregate labor market fluctuations," Discussion Paper / Institute for Empirical Macroeconomics 24, Federal Reserve Bank of Minneapolis.
- Altug, Sumru, 1989.
"Time-to-Build and Aggregate Fluctuations: Some New Evidence,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(4), pages 889-920, November.
- Sumru Altug, 1986. "Time to build and aggregate fluctuations: some new evidence," Working Papers 277, Federal Reserve Bank of Minneapolis.
- McGrattan, Ellen R., 1994.
"The macroeconomic effects of distortionary taxation,"
Journal of Monetary Economics, Elsevier, vol. 33(3), pages 573-601, June.
- Ellen R. McGrattan, 1991. "The macroeconomic effects of distortionary taxation," Discussion Paper / Institute for Empirical Macroeconomics 37, Federal Reserve Bank of Minneapolis.
- Christiano, Lawrence J., 1988. "Why does inventory investment fluctuate so much?," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 247-280.
- Joines, Douglas H, 1981. "Estimates of Effective Marginal Tax Rates on Factor Incomes," The Journal of Business, University of Chicago Press, vol. 54(2), pages 191-226, April.
- Hansen, Gary D., 1985.
"Indivisible labor and the business cycle,"
Journal of Monetary Economics, Elsevier, vol. 16(3), pages 309-327, November.
- Gary Hansen, 2010. "Indivisible Labor and the Business Cycle," Levine's Working Paper Archive 233, David K. Levine.
- Kydland, Finn E & Prescott, Edward C, 1982.
"Time to Build and Aggregate Fluctuations,"
Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
- Finn E. Kydland & Edward C. Prescott, 1982. "Executable program for "Time to Build and Aggregate Fluctuations"," QM&RBC Codes 4, Quantitative Macroeconomics & Real Business Cycles.
- Finn E. Kydland & Edward C. Prescott, 1982. "Web interface for "Time to Build and Aggregate Fluctuations"," QM&RBC Codes 4a, Quantitative Macroeconomics & Real Business Cycles.
- Rupert, Peter & Rogerson, Richard & Wright, Randall, 1995. "Estimating Substitution Elasticities in Household Production Models," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 179-193, June.
- Juster, F Thomas & Stafford, Frank P, 1991.
"The Allocation of Time: Empirical Findings, Behavioral Models, and Problems of Measurement,"
Journal of Economic Literature, American Economic Association, vol. 29(2), pages 471-522, June.
- Juster, F. Thomas & Stafford, Frank P., 1990. "The Allocation of Time: Empirical Findings, Behavioural Models, and Problems of Measurement," Working Paper Series 258, Research Institute of Industrial Economics.
- Finn E. Kydland (ed.), 1995. "Business Cycle Theory," Books, Edward Elgar Publishing, number 565, December.
- Benhabib, Jess & Rogerson, Richard & Wright, Randall, 1991. "Homework in Macroeconomics: Household Production and Aggregate Fluctuations," Journal of Political Economy, University of Chicago Press, vol. 99(6), pages 1166-1187, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Emanuela Cardia & Serena Ng, 1997.
"How Important are Intergenerational Transfers of Time? A Macroeconomic Analysis,"
Boston College Working Papers in Economics
395, Boston College Department of Economics.
- CARDIA, Emanuela & NG, Serena, 2000. "How Important Are Intergenerational Transfers of Time? a Macroeconomic Analysis," Cahiers de recherche 2000-04, Universite de Montreal, Departement de sciences economiques.
- Cardia, E. & Ng, S., 2000. "How Important Are Intergenerational Transfers of Time? A Macroeconomic Analysis," Cahiers de recherche 2000-04, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Catalina Granda-Carvajal, 2010.
"The Unofficial Economy and the Business Cycle: A Test for Theories,"
International Economic Journal, Taylor & Francis Journals, vol. 24(4), pages 573-586.
- Catalina Granda-Carvajal, 2010. "The Unofficial Economy and the Business Cycle: A Test for Theories," Working papers 2010-17, University of Connecticut, Department of Economics.
- Christiano, Lawrence J. & G. Harrison, Sharon, 1999.
"Chaos, sunspots and automatic stabilizers,"
Journal of Monetary Economics, Elsevier, vol. 44(1), pages 3-31, August.
- Lawrence J. Christiano & Sharon G. Harrison, 1996. "Chaos, sunspots, and automatic stabilizers," Working Paper Series, Macroeconomic Issues WP-96-16, Federal Reserve Bank of Chicago.
- Lawrence J. Christiano & Sharon G. Harrison, 1996. "Chaos, Sunspots, and Automatic Stabilizers," NBER Working Papers 5703, National Bureau of Economic Research, Inc.
- Hall, George J., 1996.
"Overtime, effort, and the propagation of business cycle shocks,"
Journal of Monetary Economics, Elsevier, vol. 38(1), pages 139-160, August.
- George J. Hall, 1994. "Overtime, effort and the propagation of business cycle shocks," Working Paper Series, Macroeconomic Issues 94-25, Federal Reserve Bank of Chicago.
- Urban J. Jermann & Marianne Baxter, 1999.
"Household Production and the Excess Sensitivity of Consumption to Current Income,"
American Economic Review, American Economic Association, vol. 89(4), pages 902-920, September.
- Marianne Baxter & Urban J. Jermann, 1999. "Household Production and the Excess Sensitivity of Consumption to Current Income," NBER Working Papers 7046, National Bureau of Economic Research, Inc.
- Jinill Kim, 1998. "Monetary policy in a stochastic equilibrium model with real and nominal rigidities," Finance and Economics Discussion Series 1998-02, Board of Governors of the Federal Reserve System (U.S.).
- Evan W. Anderson & Lars Peter Hansen & Ellen R. McGrattan & Thomas J. Sargent, 1995.
"On the mechanics of forming and estimating dynamic linear economies,"
Staff Report, Federal Reserve Bank of Minneapolis.
- Lars Peter Hansen & Ellen R. McGrattan & Thomas J. Sargent, 1994. "Mechanics of forming and estimating dynamic linear economies," Staff Report, Federal Reserve Bank of Minneapolis.
- Davis, Morris A. & Martin, Robert F., 2009.
"Housing, home production, and the equity- and value-premium puzzles,"
Journal of Housing Economics, Elsevier, vol. 18(2), pages 81-91, June.
- Morris A. Davis & Robert F. Martin, 2008. "Housing, home production, and the equity and value premium puzzles," International Finance Discussion Papers 931, Board of Governors of the Federal Reserve System (U.S.).
- Teresa Garcia-Milà & Albert Marcet & Eva Ventura, 2010.
"Supply Side Interventions and Redistribution,"
Economic Journal, Royal Economic Society, vol. 120(543), pages 105-130, March.
- Teresa Garcia-Milà & Albert Marcet & Eva Ventura, 1995. "Supply side interventions and redistribution," Economics Working Papers 115, Department of Economics and Business, Universitat Pompeu Fabra.
- Aloy, Marcel & Moreno-Dodson, Blanca & Nancy, Gilles, 2008. "Intertemporal adjustment and fiscal policy under a fixed exchange rate regime," Policy Research Working Paper Series 4607, The World Bank.
- Michael Dotsey & Wenli Li & Fang Yang, 2014.
"Consumption And Time Use Over The Life Cycle,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(3), pages 665-692, August.
- Michael Dotsey & Wenli Li & Fang Yang, 2010. "Consumption and time use over the life cycle," Working Papers 10-37, Federal Reserve Bank of Philadelphia.
- Luigi Bonatti, 2007. "Home production, labor taxation and trade account," Department of Economics Working Papers 0715, Department of Economics, University of Trento, Italia.
- Fernández-Villaverde, Jesús & Krueger, Dirk, 2011.
"Consumption And Saving Over The Life Cycle: How Important Are Consumer Durables?,"
Macroeconomic Dynamics, Cambridge University Press, vol. 15(5), pages 725-770, November.
- Jesus Fernandez-Villaverde & Dirk Krueger, 2004. "Consumption and Saving over the Life Cycle: How Important are Consumer Durables?," 2004 Meeting Papers 357b, Society for Economic Dynamics.
- Xuebing Yang, 2015. "Estimating Distribution Costs with the Eaton–Kortum Model," Review of Development Economics, Wiley Blackwell, vol. 19(3), pages 653-665, August.
- Richard Rogerson, 2009.
"Market Work, Home Work, and Taxes: A Cross‐Country Analysis,"
Review of International Economics, Wiley Blackwell, vol. 17(3), pages 588-601, August.
- Richard Rogerson, 2008. "Market Work, Home Work and Taxes: A Cross Country Analysis," NBER Working Papers 14400, National Bureau of Economic Research, Inc.
- Lawrence J. Christiano & Sharon G. Harrison, 1996. "Chaos, sunspots, and automatic stabilizers," Staff Report, Federal Reserve Bank of Minneapolis.
- Emanuela Cardia & Serena Ng, 2003. "Intergenerational Time Transfers and Childcare," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(2), pages 431-454, April.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ellen R. McGrattan & Richard Rogerson & Randall Wright, 1993. "Household production and taxation in the stochastic growth model," Staff Report, Federal Reserve Bank of Minneapolis.
- Richard Rogerson & Lodewijk P. Visschers & Randall Wright, 2009.
"Labor market fluctuations in the small and in the large,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(1), pages 125-137, March.
- Richard Rogerson & Lodewijk P. Visschers & Randall Wright, 2008. "Labor Market Fluctuations in the Small and in the Large," NBER Working Papers 13872, National Bureau of Economic Research, Inc.
- Paul Gomme & B. Ravikumar & Peter Rupert, 2011.
"The Return to Capital and the Business Cycle,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(2), pages 262-278, April.
- Paul Gomme & B. Ravikumar & Peter Rupert, 2006. "The Return to Capital and the Business Cycle," 2006 Meeting Papers 801, Society for Economic Dynamics.
- Paul Gomme & B. Ravikumar & Peter Rupert, 2008. "The Return to Capital and the Business Cycle," Working Papers 08002, Concordia University, Department of Economics, revised 23 Sep 2010.
- Gomme, Paul & Ravikumar, B & Rupert, Peter, 2007. "The Return to Capital and the Business Cycle," University of California at Santa Barbara, Economics Working Paper Series qt8d5824r7, Department of Economics, UC Santa Barbara.
- Paul Gomme & B. Ravikumar & Peter Rupert, 2006. "The return to capital and the business cycle," Working Papers (Old Series) 0603, Federal Reserve Bank of Cleveland.
- José Luis Torres Chacon, 2015.
"Introduction to Dynamic Macroeconomic General Equilibrium Models,"
Vernon Press Titles in Economics,
Vernon Art and Science Inc,
edition 2, number 54.
- José Luis Torres Chacon, 2014. "Introduction to Dynamic Macroeconomic General Equilibrium Models," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 1, number 18.
- Ellen R. McGrattan, 2006. "Real business cycles," Staff Report, Federal Reserve Bank of Minneapolis.
- José Luis Torres Chacon, 2015. "Introduction to Dynamic Macroeconomic General Equilibrium Models [Second Edition, Paperback]," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 2, number 44.
- Jeremy Greenwood & Richard Rogerson & Randall Wright, 1993. "Putting home economics into macroeconomics," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 17(Sum), pages 2-11.
- Rodrigo Suescún M., 1995.
"Growth, Welfare Costs and Aggregate Fluctuations in Economies with Monetary Taxation,"
Borradores de Economia
036, Banco de la Republica de Colombia.
- Rodrigo Suescún, 1995. "Growth, Welfare Costs And Aggregate Fluctuations In Economies With Monetary Taxation," Borradores de Economia 2775, Banco de la Republica.
- Rodrigo Suescún, 1995. "Growth Welfare Costs And Aggregate Fluctuations In Economies With Monetary Taxation," Borradores de Economia 2774, Banco de la Republica.
- Paul Gomme & Richard Rogerson & Peter Rupert & Randall Wright, 2005.
"The Business Cycle and the Life Cycle,"
NBER Chapters, in: NBER Macroeconomics Annual 2004, Volume 19, pages 415-592,
National Bureau of Economic Research, Inc.
- Paul Gomme & Richard Rogerson & Peter Rupert & Randall Wright, 2004. "The business cycle and the life cycle," Working Papers (Old Series) 0404, Federal Reserve Bank of Cleveland.
- Canova, Fabio & Ubide, Angel J., 1998.
"International business cycles, financial markets and household production,"
Journal of Economic Dynamics and Control, Elsevier, vol. 22(4), pages 545-572, April.
- Fabio Canova & Ángel J. Ubide, 1997. "International business cycles, financial markets and household production," Economics Working Papers 204, Department of Economics and Business, Universitat Pompeu Fabra.
- Francois Langot & Coralia Quintero-Rojas, 2010. "Distortionary taxation, international business cycles and real wage: explaining some puzzling facts," Department of Economics and Finance Working Papers EC201002, Universidad de Guanajuato, Department of Economics and Finance.
- V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2004.
"A Critique of Structural VARs Using Real Business Cycle Theory,"
Levine's Bibliography
122247000000000518, UCLA Department of Economics.
- V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2005. "A critique of structural VARs using real business cycle theory," Working Papers 631, Federal Reserve Bank of Minneapolis.
- V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2007. "Are structural VARs with long-run restrictions useful in developing business cycle theory?," Staff Report, Federal Reserve Bank of Minneapolis.
- Francesc Obiols-Homs, 2003.
"Incomplete Unemployment Insurance and Aggregate Fluctuations,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(3), pages 602-636, July.
- Francesc Obiols-Homs, 2001. "Incomplete unemployment insurance and aggregate fluctuations," Computing in Economics and Finance 2001 192, Society for Computational Economics.
- Yongsung Chang & Sun-Bin Kim, 2006.
"From Individual To Aggregate Labor Supply: A Quantitative Analysis Based On A Heterogeneous Agent Macroeconomy ,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(1), pages 1-27, February.
- Yongsung Chang & Sun-Bin Kim, 2003. "From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy," Macroeconomics 0307003, University Library of Munich, Germany.
- Yongsung Chang & Sun-Bin Kim, 2003. "From individual to aggregate labor supply : a quantitative analysis based on a heterogeneous agent macroeconomy," Working Paper 03-05, Federal Reserve Bank of Richmond.
- Einarsson, Tor & Marquis, Milton H., 1999. "Formal Training, On-the-Job Training and the Allocation of Time," Journal of Macroeconomics, Elsevier, vol. 21(3), pages 423-442, July.
- Stephen Millard & Andrew Scott & Marianne Sensier, 1999. "Business cycles and the labour market can theory fit the facts?," Bank of England working papers 93, Bank of England.
- Christiano, Lawrence J. & Todd, Richard M., 2002.
"The conventional treatment of seasonality in business cycle analysis: does it create distortions?,"
Journal of Monetary Economics, Elsevier, vol. 49(2), pages 335-364, March.
- Lawrence J. Christiano & Richard M. Todd, 2000. "The Conventional Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?," NBER Technical Working Papers 0266, National Bureau of Economic Research, Inc.
- Hansen, G.D. & Ohanian, L.E., 2016.
"Neoclassical Models in Macroeconomics,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2043-2130,
Elsevier.
- Gary D. Hansen & Lee E. Ohanian, 2016. "Neoclassical Models in Macroeconomics," NBER Working Papers 22122, National Bureau of Economic Research, Inc.
- Louis Phaneuf & Jang-Ok Cho, 1992.
"A Business Cycle Model with Nominal Wage Contracts and Government,"
Cahiers de recherche CREFE / CREFE Working Papers
6, CREFE, Université du Québec à Montréal, revised Jan 1993.
- Jang-Ok Cho & Louis Phaneuf, 1993. "A business cycle model with nominal wage contracts and government," Discussion Paper / Institute for Empirical Macroeconomics 80, Federal Reserve Bank of Minneapolis.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedmsr:191. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kate Hansel (email available below). General contact details of provider: https://edirc.repec.org/data/cfrbmus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.