Title of article
Lumpiness,capitaladjustmentcostsandinvestmentdynamics
Author/Authors
Giuseppe Fiori، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2012
Pages
12
From page
381
To page
392
Abstract
AggregateinvestmentintheUSeconomydisplaysahump-shapedpatterninresponse
to shocks,andtheautocorrelationofaggregateinvestmentgrowthispositiveforthe
first fewquarters,turningnegativeforthelaterquarters.Thispapershowsthat
this featureofthedataisthenaturaloutcomeofatwo-sectorconsumption/investment
modeldesignedandcalibratedtoreproduceplant-levelevidenceoncapital
accumulation
Journal title
Journal of Monetary Economics
Serial Year
2012
Journal title
Journal of Monetary Economics
Record number
846528
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