Title of article :
Lumpiness,capitaladjustmentcostsandinvestmentdynamics
Author/Authors :
Giuseppe Fiori، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2012
Abstract :
AggregateinvestmentintheUSeconomydisplaysahump-shapedpatterninresponse
to shocks,andtheautocorrelationofaggregateinvestmentgrowthispositiveforthe
first fewquarters,turningnegativeforthelaterquarters.Thispapershowsthat
this featureofthedataisthenaturaloutcomeofatwo-sectorconsumption/investment
modeldesignedandcalibratedtoreproduceplant-levelevidenceoncapital
accumulation
Journal title :
Journal of Monetary Economics
Journal title :
Journal of Monetary Economics
