This paper studies stylized business cycle properties of household production in four industrialized countries (Canada, the United States, Germany, and Japan). We employ a dynamic small open economy business cycle model that incorporates a household production sector. We use the model to...

Despite the important role played by household production in aggregate economic activity, our knowledge of the cyclical features of this sector is quite limited. This paper studies stylized business cycle properties of household production in five industrialized countries. We employ a dynamic...

This paper studies stylized business cycle properties of household production in four industrialized countries (Canada, the United States, Germany, and Japan). We employ a dynamic small open economy business cycle model that incorporates a household production sector. We use the model to...