Greenwood, Jeremy; Rogerson, Richard; Wright, Randall - In: Quarterly Review (1993) Sum, pp. 2-11
The implications of adding household production to an otherwise standard real business cycle model are explored in this … article. The model developed treats the business and household sectors symmetrically. In particular, both sectors use capital … accounting for several aspects of U.S. business cycle fluctuations. ; This article is a summary of a chapter prepared for a …