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Book Chapter

Hours and Employment Variation in Business-Cycle Theory

  • Kydland F
  • Prescott E
Palgrave Macmillan UK, (1991), 107-134
DOI: 10.1007/978-1-349-11570-9_5
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Abstract

In previous studies (Kydland and Prescott, 1982 and 1988a) we estimate the importance of variations in the Solow technology parameter as a source of aggregate fluctuations. We find that they were a major source accounting for over half of the fluctuations in the output of the …

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Kydland, F. E., & Prescott, E. C. (1991). Hours and Employment Variation in Business-Cycle Theory. In Business Cycles (pp. 107–134). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-11570-9_5

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