Yong-Gook, Jung - In: The B.E. Journal of Macroeconomics 15 (2015) 1, pp. 43-43
This study examines the dynamics and the fit of a time-to-build model. The benchmark model employs the investment adjustment cost specification of Christiano, Eichenbaum, and Evans (2005) and the alternative model utilizes the time-to-build specification of Casares (2006). The Bayesian...