Ferrero, Andrea (contributor) - 2007
Darden School of Business, the European Central Bank, the Federal
Reserve Banks of Cleveland, Dallas, and New York, HEC …
literature (e.g. Auerbach and Kotlikoff [1987]) and in the real business cycle literature (e.g.
Cooley [1995]).
20
The discount …7 during the last three decades. The
production parameters are standard in the real business cycle literature. The labor …