Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/53614
Type: Journal article
Title: Hours and effort variation in sunspot-based business cycle theory
Author: Weder, M.
Citation: Economics Bulletin, 2008; 5(12):1-12
Publisher: Economics Bulletin
Issue Date: 2008
ISSN: 1545-2921
1545-2921
Statement of
Responsibility: 
Mark Weder
Abstract: This paper analyzes the role of variable work effort in inducing sunspot equilibria in real business cycle models. Not only is it demonstrated that variable workers’ work intensity reduces the degree of increasing returns that is needed to generate indeterminacy but it is also shown that this can be done without assuming a very elastic supply of labor.
Keywords: E3; E0; Indeterminacy
RMID: 0020084368
Published version: http://www.economicsbulletin.com/
Appears in Collections:Economics publications

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