; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "The Labor Market in Real Business Cycle Theory"; ; "jannelle.ruswick@mpls.frb.org"; "Wright, Randall D.", "Hansen, Gary D. (Gary Duane)"; "Federal Reserve Bank of Minneapolis"; "The standard real business cycle model fails to adequately account for two facts found in the U.S. data: the fact that hours worked fluctuate considerably more than productivity and the fact that the correlation between hours worked and productivity is close to zero. In this paper, in a unified framework, the authors describe and analyze four extensions of the standard model, by introducing nonseparable leisure, indivisible labor, government spending, and household production."^^; "1992 Spring"; "2019-12-11T14:47:53.565056608+00:00"^^; "https://doi.org/10.21034/qr.1621"; ; "Mon Dec 16 17:27:38 2019"; "Article"; "315", "859"; "Quarterly review (Federal Reserve Bank of Minneapolis. Research Department)"; "Vol. 16, No. 2"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published In: _Real Business Cycles: A Reader_ (1998, pp. 168-178)"^^, "Published In: _The Rational Expectations Revolution: Readings from the Front Line_ (1994, pp. 335-353)"^^; ; "Publication" . ; .