Abstract.

A non-standard macroeconomic approach is discussed in this paper. An aggregate household rational behavior nonlinear dynamic model is presented, in which household is characterized by budget constraint with inclusion of various financial and investment instruments. Model is fully solved what means that final trajectories for consumption and labor are derived. A key feature of this paper is specific type of utility function that allows to estimate both consumption and labor trajectories.

Keywords:

household, labour, nonlinear dynamic model, macroeconomics.

PP. 59-62.

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