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Investment Shocks and the Relative Price of Investment
Justiniano, Alejandro - 2009
investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the … relative price of investment. The second shock affects the production of installed capital from investment goods or, more …We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an …
Persistent link: https://www.econbiz.de/10013153123
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Investment shocks and the relative price of investment
Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2009
investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the … relative price of investment. The second shock affects the production of installed capital from investment goods or, more …We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an …
Persistent link: https://www.econbiz.de/10003948199
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Investment shocks and the relative price of investment
Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2009
Persistent link: https://www.econbiz.de/10003931303
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Investment shocks and the relative price of investment
Justiniano, Alejandro; Primiceri, Giorgio E.; … - In: Review of economic dynamics 14 (2011) 1, pp. 102-121
Persistent link: https://www.econbiz.de/10009259798
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Theories of finance and financial crisis : lessons for the Great Recession
Dodig, Nina; Herr, Hansjörg - 2015
This paper presents an overview of different models which explain financial crises, with the aim of understanding economic developments during and possibly after the Great Recession. In the first part approaches based on efficient markets and rational expectations hypotheses are analyzed, which...
Persistent link: https://www.econbiz.de/10010491508
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Allocative efficiency of UK firms during the Great Recession
Gerth, Florian - 2017
This paper argues that the fall and persistently low level of UK Total Factor Productivity (TFP) following the Great Recession was caused by the turnover (entry and exit) of firms, rather than by resource misallocation between firms within industries. I conduct a misallocation exercise employing...
Persistent link: https://www.econbiz.de/10011717067
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A post-crisis slump in Europe : a business cycle accounting analysis
Gerth, Florian; Otsu, Keisuke - 2016
is the most important driver of the European Great Recession and that this adverse shock persists throughout our sample …
Persistent link: https://www.econbiz.de/10011530229
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A neoclassical perspective on Switzerland’s 1990s stagnation
Stucki, Yannic; Thomet, Jacqueline - In: Swiss journal of economics and statistics 157 (2021) 1, pp. 1-26
1993-1996 stagnation episode. Rather, the stagnation is explained by factors that made labour and investment expensive. We …
Persistent link: https://www.econbiz.de/10012793482
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A neoclassical perspective on Switzerland's 1990s stagnation
Stucki, Yannic; Thomet, Jacqueline - 2018
. Rather, the stagnation is explained by factors that made labor and investment expensive. We show that an increase in labor …
Persistent link: https://www.econbiz.de/10011961309
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The Role of Real Wages, Productivity, and Fiscal Policy in Germany's Great Depression 1928-37
Fisher, Jonas D. M. - 2012
We study the behavior of output, employment, consumption, and investment in Germany during the Great Depression of 1928 …
Persistent link: https://www.econbiz.de/10013097364