DiCecio, Riccardo (contributor) - 2005
the economy tends to move in the same direction
along the business cycle: When the economy is in a boom, the majority of … technology shocks produce a
countercyclical labor input for the consumption goods sector.
In standard real business cycle (RBC … the U.S. data, the coun-
terfactual implications of standard business cycle models, and shows how
sticky wages generate …