Investment Shocks and the Relative Price of Investment
Primiceri, Giorgio E
- Publisher: New York, NY: Federal Reserve Bank of New York
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
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. ...