Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model
收藏数据链接：
官方服务：
资源简介：
The sensitivity of U.S. aggregate investment to shocks is procyclical: the initial response increases by approximately 50% from the trough to the peak of the business cycle. This feature of the data follows naturally from a DSGE model with lumpy microeconomic capital adjustment. Beyond explaining
提供机构：
美国国家经济研究局创建时间：
2006-06-01
