Kaihatsu, Sohei; Kurozumi, Takushi - In: Review of Economic Dynamics 17 (2014) 2, pp. 224-242
Despite the widespread belief that technology shocks are the main source of business fluctuations, recent empirical studies indicate that in the absence of financial frictions, a shock to the marginal efficiency of investment is the main source and is closely related to financial conditions for...
