Business Fixed Investment and the Recent Business Cycle in Japan

To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply a loglinear flexible accelerator model. We find that movements in business fixed investment are consistent with movements in output and the tax-adjusted cost of capital, both on average during our entire 1961-94 sample and during the recent 1986- 94 business cycle

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Year of publication:	2001
Authors:	Kiyotaki, Nobuhiro ; West, Kenneth D.
Publisher:	[S.l.] : SSRN
Subject:	Japan \| Konjunktur \| Business cycle \| Investition \| Investment
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: NBER MACROECONOMICS ANNUAL, Vol. 12 Volltext nicht verfügbar
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E32 - Business Fluctuations; Cycles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014061173