Investment Shocks and the Relative Price of Investment

Research, Preprint OPEN
Justiniano, Alejandro ; Primiceri, Giorgio E ; Tambalotti, Andrea (2009)
  • Publisher: New York, NY: Federal Reserve Bank of New York
  • Subject: C11 | USA | Technischer Fortschritt | E32 | investment-specific technology | financial factors | Business cycles; DSGE model; financial factors; investment-specific technology | Schätzung | DSGE model | Konjunkturtheorie | Schock | Wirtschaftskrise | Sparen | E22 | Konjunktur | Konsum | Business cycles ; Saving and investment ; Recessions | Business cycles | Investition | Zinsstruktur | Relativer Preis
    • jel: jel:E22 | jel:C11 | jel:E30
      ddc: ddc:330

We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the relative price of investment. ... View more
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