Stock Market and Investment Goods Prices: Implications for Macroeconomics
收藏NBER2003-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10031
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资源简介：
Stock market prices, a measure of the marginal cost of installed capital, are procyclical. Yet, prices of investment goods, the main input into new installed capital, are countercyclical. We exploit this information to identify the driving forces of the business cycle and the nature of capital
提供机构：
美国国家经济研究局
创建时间：
2003-10-01
