Gorodnichenko, Yuriy; Mendoza, Enrique G.; Tesar, Linda L. - 2009
Finland has been examined in other studies that offer explanations
alternative to ours. One view is that the origins of the … the RBC literature.
Micro level studies favor very large values for , so that the labor supply elasticity 1/
is … small to moderate
15
Empirical studies, however, tend to find …